AI stocks plunge after AMD gives weak forecast for chip sales

Markets Insider05-02

Redeem now AI stocks plunged on Wednesday after AMD reported guidance that put a cloud over future AI chip demand.AMD said it expects its ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2432687483?lang=en_US&edition=fundamental","thumbnail":"https://markets.businessinsider.com/images/unsortiert/amd-stock-photo-1.jpg","is_english":true,"pubTime":"2024-05-02 02:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2432687483","market":"us","top_or_hot":-1,"title":"AI stocks plunge after AMD gives weak forecast for chip sales","media":"Markets Insider","content":"<div>\n<p>Redeem now\n                                     \n\n\n\n \n\n\n \n \n\n\n \n \n\n\n\nAI stocks plunged on Wednesday after AMD reported guidance that put a cloud over future AI chip demand.AMD said it expects its ...</p>\n\n<a href=\"https://markets.businessinsider.com/news/stocks/ai-stock-price-selloff-nvda-smci-amd-chip-sales-forecast-2024-5\">Source Link</a>\n\n</div>\n","source":"marketsinsider","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>AI stocks plunge after AMD gives weak forecast for chip sales</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\">\nAI stocks plunge after AMD gives weak forecast for chip sales\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-02 02:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://markets.businessinsider.com/news/stocks/ai-stock-price-selloff-nvda-smci-amd-chip-sales-forecast-2024-5><strong>Markets Insider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Redeem now\n                                     \n\n\n\n \n\n\n \n \n\n\n \n \n\n\n\nAI stocks plunged on Wednesday after AMD reported guidance that put a cloud over future AI chip demand.AMD said it expects its ...</p>\n\n<a href=\"https://markets.businessinsider.com/news/stocks/ai-stock-price-selloff-nvda-smci-amd-chip-sales-forecast-2024-5\">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://markets.businessinsider.com/news/stocks/ai-stock-price-selloff-nvda-smci-amd-chip-sales-forecast-2024-5","article_id":"2432687483","we_media_id":null,"thumbnails":["https://markets.businessinsider.com/images/unsortiert/amd-stock-photo-1.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432687483","pubTimestamp":1714586412,"sourceInfo":{"source_id":"marketsinsider","name":"Markets Insider"},"weMediaInfo":null,"summary":"AI stocks plunged on Wednesday after AMD reported guidance that put a cloud over future AI chip demand.AMD said it expects its MI300 AI chips to generate $4 billion in revenue in 2024, which was below some Wall Street forecasts.Shares of Super Micro Computer, AMD, and Nvidia erased a collective $143 billion in market value.Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview. Access your favorite topics in a personalized feed while you're on the go.Nvidia CEO Jensen Huang sure seems to think so.In an interview last month, Huang said his competitors would essentially have to pay its customers to use their AI chips as they aren't comparable to the compute power offered by","collect":0,"end_time":0,"defaultTopTitle":"businessinsider.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"AMD":"美国超微公司","GFS":"GLOBALFOUNDRIES Inc."},"translate_title":"AMD对芯片销售的预测疲软后，人工智能股票暴跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMD":1,"GFS":1},"content_text":"Redeem now\n                                     \n\n\n\n \n\n\n \n \n\n\n \n \n\n\n\nAI stocks plunged on Wednesday after AMD reported guidance that put a cloud over future AI chip demand.AMD said it expects its MI300 AI chips to generate $4 billion in revenue in 2024, which was below some Wall Street forecasts.Shares of Super Micro Computer, AMD, and Nvidia erased a collective $143 billion in market value.\n\n\n\n\n\n\n\n \nNEW LOOK\n\n\n                                    Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThanks for signing up!\n\n\n                              Access your favorite topics in a personalized feed while you're on the go.\n                              \n                                download the app\n                               \n\n\n\n\n\nEmail address\n\n\n\n\n\n                                      Sign up\n                                     \n\n\n\n                                  By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time.\n                              \n\n\n\n\n\n \n\nAdvertisement\n\nAI stocks plunged on Wednesday after AMD offered analysts 2024 revenue guidance for its AI chip that was below analyst estimates.Shares of AMD fell 10%, helping drag down its peer Nvidia by about 5% in Wednesday trades. Meanwhile, Super Micro Computer, which sells AI-enabled servers using products from Nvidia and AMD, dropped 15% after it reported mixed earnings results.The three companies wiped out a collective $143 billion in market value in Wednesday's trading session.AMD's failure to meet Wall Street's lofty AI sales expectations led to concerns that AMD is suffering from a demand problem, though AMD CEO Lisa Su dismissed those concerns and said that supply is the bigger issue for its AI chip sales.\nAdvertisement\n\n\"We are tight on supply. So there's no question in the near-term that if we had more supply, we have demand for that product,\" AMD CEO Lisa Su said on the company's earnings call.AMD raised its 2024 revenue guidance for its MI300 AI chip by $500 million to $4 billion. Despite the increase, that figure failed to meet lofty investor expectations, with some expecting upwards of $8 billion in revenue from the AI chip this year, according to Bloomberg.While supply constraints seem to be a headwind for AMD's AI chip business, so too could be competition. The company's MI300 chip is a direct competitor to Nvidia's immensely popular H100 chip, and AMD claims that its chip outperforms Nvidia's. But according to Goldman Sachs, Nvidia's next generation H200 chip is 2-times more powerful in inference than its older H100 chip, so AMD may already be behind the ball with its AI chip offering.\nAdvertisement\n\nNvidia CEO Jensen Huang sure seems to think so.In an interview last month, Huang said his competitors would essentially have to pay its customers to use their AI chips as they aren't comparable to the compute power offered by Nvidia's GPUs.\"Our total cost of operations is so good that even when the competitor's chips are free, it's not cheap enough,\" Huang said at the Stanford Economic Summit. Whether Nvidia will be able to meet Wall Street's lofty sales and profit expectations won't be known until the company reports earnings on May 22. \n\n\n\n\n\n                                  AMD shares over the past week.\n                                  \n                          \n\n                          Markets Insider","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"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":"4.22.4","shortVersion":"4.22.4","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/2432687483"}