- 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 2 months ago
Well, it’s accountwalled so no.
Additionally, holy shit my dude. Nice work being Exhibit 1A as to why retail investors and common folk shouldn’t be allowed to speak about the stock market, corporate valuation, or business finances generally.
TheGrandNagus@lemmy.world 2 months ago
The irony of saying that when you think the be-all and end-all of how good a business is doing is looking at its stock price this year.
If only it were that simple.