AMD’s Data Center revenue surged 115% YoY in Q2 2024, driven by Instinct MI300 AI accelerators and EPYC processors, leading to raised revenue guidance and a BUY rating.
Client segment revenue grew 49% YoY, fueled by strong Ryzen processor demand and Zen 5 sales, prompting an increased revenue forecast for 2024 and 2025.
Gaming segment revenue fell 59% YoY due to weak console demand, resulting in a lowered revenue forecast for this segment through 2025.
AMD’s acquisitions of Silo AI and ZT Systems aim to strengthen its AI and data center market position, enhancing long-term growth prospects.
Did you even read it?
Down 6% YTD and a market cap of 1/12 of their only competitor isn’t “doing great.”
Firstly, Nvidia isn’t AMD’s only competitor.
Secondly, only looking at the stock price and treating that as gospel shouldn’t be how you’re assessing whether a company is doing well or not.
GameStop stock exploded, it wasn’t because they were doing well. Nvidia became the most valuable company on earth by market cap - do you really think they’re that valuable? Tesla stock went crazy because Elon kept chatting nonsense about how all their cars would be driverless by 2018.
The stock market is not rational. Don’t judge the health of a company purely based on their stock price.
Telodzrum@lemmy.world 3 weeks ago
Narrator: They couldn’t.
istanbullu@lemmy.ml 3 weeks ago
AMD seems to be doing great: seekingalpha.com/…/4718576-amd-stock-ai-accelerat…
Telodzrum@lemmy.world 3 weeks ago
Down 6% YTD and a market cap of 1/12 of their only competitor isn’t “doing great.”
TheGrandNagus@lemmy.world 3 weeks ago
Did you even read it?
Firstly, Nvidia isn’t AMD’s only competitor.
Secondly, only looking at the stock price and treating that as gospel shouldn’t be how you’re assessing whether a company is doing well or not.
GameStop stock exploded, it wasn’t because they were doing well. Nvidia became the most valuable company on earth by market cap - do you really think they’re that valuable? Tesla stock went crazy because Elon kept chatting nonsense about how all their cars would be driverless by 2018.
The stock market is not rational. Don’t judge the health of a company purely based on their stock price.
iopq@lemmy.world 3 weeks ago
My man, by the time I read this comment it was 1% down YTD
Shows how much you know, talking about returns over a few months
It’s up 361% over last 5 years, which is beating $QQQ (tech stocks in general) which is up 138% and $INTC which is down 63%
$NVDA is up 2295% over that time frame and it’s a ridiculous comparison, almost no company grew that fast
$AAPL must be shit since it only grew 309% over 5 years, right?