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Stock impact report

MarketWatch First Take: AMD is sticking with its story amid revenue decline [MarketWatch]

Advanced Micro Devices, Inc. (AMD) 
Last advanced micro devices, inc. earnings: 4/28 04:25 pm Check Earnings Report
US:NYSE Investor Relations: ir.amd.com/investor-overview
Company Research Source: MarketWatch
Opinion: AMD is sticking with its story amid revenue decline Advanced Micro Devices Inc. is still looking like a second-half story — and then some — as new chips for the data center sit on the horizon like the North Star. AMD AMD, -0.22% reported a slightly better-than-expected first quarter Tuesday, as revenue declined slightly less than expected. Revenue came in at $1.27 billion, above Wall Street’s expectations of $1.26 billion, down from $1.65 billion in the year-ago period. The chip maker faced a tough comparison from 2018 due to a big jump in sales of chips for cryptocurrency mining last year. In after-hours trading, shares jumped around 4%, falling back slightly as the company’s conference call progressed, with many of the questions focused on the company’s efforts in the data center so far. One analyst asked Chief Executive Lisa Su if she could remind them of the opportunities and market-share gains that the company expects from its entry into that market. “As we looked at Show less Read more
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