AMD Tumbles 8% After AI Chip Growth Fails to Inspire Investors

Bloomberg10-30

Advanced Micro Devices slid in late trading after the chipmaker’s revenue forecast missed analysts’ estimates, a sign its artificial intelligence sales are growing more slowly than some had ...

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nywles
10-30
nywles
$Advanced Micro Devices(AMD)$ thanks

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMD Tumbles 8% After AI Chip Growth Fails to Inspire Investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-30 06:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-10-29/amd-forecast-falls-short-suggesting-a-slower-pace-of-ai-growth><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Advanced Micro Devices slid in late trading after the chipmaker’s revenue forecast missed analysts’ estimates, a sign its artificial intelligence sales are growing more slowly than some had ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-10-29/amd-forecast-falls-short-suggesting-a-slower-pace-of-ai-growth\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMD","symbol_name":"美国超微公司","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2024-10-29/amd-forecast-falls-short-suggesting-a-slower-pace-of-ai-growth","article_id":"1144591070","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1144591070","pubTimestamp":1730240918,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":" $Advanced Micro Devices(AMD)$ slid in late trading after the chipmaker’s revenue forecast missed analysts’ estimates, a sign its artificial intelligence sales are growing more slowly than some had an","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMD":"美国超微公司"},"translate_title":"人工智能芯片增长未能激励投资者后AMD暴跌","themeId":"3a0c2f013e18977e955c91745b9d03e2","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMD":1.1},"content_text":"Advanced Micro Devices slid in late trading after the chipmaker’s revenue forecast missed analysts’ estimates, a sign its artificial intelligence sales are growing more slowly than some had anticipated.Revenue will be roughly $7.5 billion in the fourth quarter, the company said Tuesday. 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Analysts estimated $7.55 billion on average. Though the company now expects to get more than $5 billion in sales from so-called AI accelerators this year — up from a previous forecast of $4.5 billion — some analysts and investors had been looking for a bigger bump.</p><p style=\"text-align: start;\">AMD is playing catch-up with <u>Nvidia Corp.</u> in the lucrative market for AI computing chips. The company is now generating billions of dollars from that type of product — a rapid rise from a year ago — but remains well short of the tens of billions of dollars that its rival is raking in.</p><p style=\"text-align: start;\">AMD shares fell about 8% in late trading Tuesday. They were up 13% this year, closing at $166.25 in New York.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/79d8418eb0ac708dee3c188a356c70da\" tg-width=\"412\" tg-height=\"384\"/></p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3213bfeae60b2281deef49e118b84949\" tg-width=\"515\" tg-height=\"185\"/></p><p>AMD’s third-quarter revenue rose 18% to $6.82 billion, beating an average estimate of $6.71 billion. Profit, minus certain items, increased to 92 cents a share, in line with projections.</p><p style=\"text-align: start;\">AMD’s new MI300 accelerator products, which compete with Nvidia chips, have emerged as one of its biggest sales engines. But the growth has been hampered by the availability of supply. Like most companies in the industry, AMD no longer owns its own plants, opting instead to outsource production to Taiwan Semiconductor Manufacturing Co.</p><p style=\"text-align: start;\">Investors track AMD’s performance as an indicator of overall demand for AI-related hardware. Massive spending by companies such as Amazon.com Inc.’s AWS and Microsoft Corp. on this still-new type of computing infrastructure has upended the industry. The concern among investors is that AI services aren’t yet big moneymakers, which may make it harder for companies to continue justifying the expense of buying the chips.</p><p style=\"text-align: start;\">In addition to being Nvidia’s biggest rival in AI accelerators, AMD also competes with that company in graphics chips used by computer gamers. And it goes head-to-head with Intel Corp. in personal computer and server processors.</p><p style=\"text-align: start;\"></p><p style=\"text-align: start;\">AMD’s data-center unit had sales of $3.5 billion last quarter, more than double the total from a year earlier and slightly above estimates. PC chips brought in $1.88 billion, up 29%.</p><p style=\"text-align: start;\">AMD also supplies custom processors for Microsoft and Sony Group Corp. for their game consoles. That unit has seen weaker sales, hurt by the current generation of game machines nearing the end of their life cycles. Revenue fell 69% to $462 million, missing estimates.</p><p style=\"text-align: start;\">AMD also predicted a fourth-quarter adjusted gross margin — the percentage of sales remaining after deducting the cost of production — that was just shy of projections.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMD Tumbles 8% After AI Chip Growth Fails to Inspire Investors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMD Tumbles 8% After AI Chip Growth Fails to Inspire Investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-30 06:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-10-29/amd-forecast-falls-short-suggesting-a-slower-pace-of-ai-growth><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Advanced Micro Devices slid in late trading after the chipmaker’s revenue forecast missed analysts’ estimates, a sign its artificial intelligence sales are growing more slowly than some had ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-10-29/amd-forecast-falls-short-suggesting-a-slower-pace-of-ai-growth\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司"},"source_url":"https://www.bloomberg.com/news/articles/2024-10-29/amd-forecast-falls-short-suggesting-a-slower-pace-of-ai-growth","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144591070","content_text":"Advanced Micro Devices slid in late trading after the chipmaker’s revenue forecast missed analysts’ estimates, a sign its artificial intelligence sales are growing more slowly than some had anticipated.Revenue will be roughly $7.5 billion in the fourth quarter, the company said Tuesday. Analysts estimated $7.55 billion on average. Though the company now expects to get more than $5 billion in sales from so-called AI accelerators this year — up from a previous forecast of $4.5 billion — some analysts and investors had been looking for a bigger bump.AMD is playing catch-up with Nvidia Corp. in the lucrative market for AI computing chips. The company is now generating billions of dollars from that type of product — a rapid rise from a year ago — but remains well short of the tens of billions of dollars that its rival is raking in.AMD shares fell about 8% in late trading Tuesday. They were up 13% this year, closing at $166.25 in New York.AMD’s third-quarter revenue rose 18% to $6.82 billion, beating an average estimate of $6.71 billion. Profit, minus certain items, increased to 92 cents a share, in line with projections.AMD’s new MI300 accelerator products, which compete with Nvidia chips, have emerged as one of its biggest sales engines. But the growth has been hampered by the availability of supply. Like most companies in the industry, AMD no longer owns its own plants, opting instead to outsource production to Taiwan Semiconductor Manufacturing Co.Investors track AMD’s performance as an indicator of overall demand for AI-related hardware. Massive spending by companies such as Amazon.com Inc.’s AWS and Microsoft Corp. on this still-new type of computing infrastructure has upended the industry. The concern among investors is that AI services aren’t yet big moneymakers, which may make it harder for companies to continue justifying the expense of buying the chips.In addition to being Nvidia’s biggest rival in AI accelerators, AMD also competes with that company in graphics chips used by computer gamers. And it goes head-to-head with Intel Corp. in personal computer and server processors.AMD’s data-center unit had sales of $3.5 billion last quarter, more than double the total from a year earlier and slightly above estimates. PC chips brought in $1.88 billion, up 29%.AMD also supplies custom processors for Microsoft and Sony Group Corp. for their game consoles. That unit has seen weaker sales, hurt by the current generation of game machines nearing the end of their life cycles. Revenue fell 69% to $462 million, missing estimates.AMD also predicted a fourth-quarter adjusted gross margin — the percentage of sales remaining after deducting the cost of production — that was just shy of projections.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":18,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1144591070"}