Reported about 11 hours ago
Advanced Micro Devices (AMD) is preparing to announce its fiscal Q3 earnings on Tuesday, following significant AI chip agreements with OpenAI and Oracle, including a deal for 6 gigawatts of GPUs for AI data centers. Despite a 56% increase in stock and strong year-over-year growth, analysts predict limited immediate impact from these deals on Q3 results. AMD is expected to report an earnings per share of $1.17 on $8.7 billion in revenue, with contributions from strong CPU sales and an anticipated future growth focus on its MI450 GPUs.
Source: YAHOO