Reported 30 days ago
AMD announced its Q3 earnings, meeting EPS expectations and beating revenue estimates, with sales driven by its data center and client segments. However, the company’s Q4 outlook disappointed investors, predicting revenue between $7.2 billion and $7.8 billion, lower than analysts' expectations. The stock fell over 9% due to worries about slowing AI growth, while its gaming segment suffered a significant 69% decline year over year. Despite the challenges, CEO Lisa Su highlighted strong demand for their products.
Source: YAHOO