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Stock impact report

AMD says it will sell $4 billion in AI chips this year; stock drops on in-line forecast [MSNBC.com]

FactSet Research Systems Inc. (FDS) 
Last factset research systems inc. earnings: 3/26 07:01 am Check Earnings Report
US:NYSE Investor Relations: investor.factset.com
Company Research Source: MSNBC.com
Advanced Micro Devicesfirst-quarter earnings and sales.Here's how it did versus LSEG consensus expectations for the quarter ended in March: said it expects about $5.7 billion in sales in the current quarter, in line with Wall Street estimates of the same approximate total. That would represent about 6% annual growth.The company reported net income of $123 million, or 7 cents per share, versus a net loss of $139 million, or 9 cents per share, during the year-earlier period. was up about 2% from a year earlier. shares have risen 14% in 2024, so despite meeting forecast estimates and signaling growth in AI chip sales, Tuesday's results were not enough to prevent the stock from sliding.The chipmaker said its closely watched Data Center segment grew 80% year-over-year to $2.3 billion thanks to sales of its MI300 series AI chips, which compete with Nvidia's graphics processing units.CEO Lisa Su said Microsoft, Meta, and Oracle use 's MI300X. said it had sold over $1 billion of the chips s Show less Read more
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