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-0.00122044241037373 0.00152555301296733 0.00654767353165536 0.00350877192982462 -0.0072006102212051 -0.012692601067887 -0.00648665141113638 -0.00686803966437827
Stock impact report

AMD falls as dour forecast shows tough competition in AI trade [BNN Bloomberg (Canada)]

Super Micro Computer, Inc. (SMCI) 
Last super micro computer, inc. earnings: 8/3 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.supermicro.com/investor-relations
Company Research Source: BNN Bloomberg
AMD predicted its revenue would fall slightly in the current quarter, even as a resumption of China sales gives an unexpected boost, showing its struggle to penetrate the booming market where Nvidia is aggressively defending its position. Growing use of custom AI chips by tech giants, and Google's deal to supply Anthropic with its advanced processors in a deal worth billions of dollars have also piled pressure on AMD. A new legal plug-in for Anthropic's Claude chatbot that can automate some routine tasks triggered a selloff in software stocks that extended into a second day on Tuesday, as investors worried about the future of the software industry. AMD forecast first-quarter revenue of about US$9.8 billion, plus or minus $300 million, slightly ahead of analysts' average estimate of $9.67 billion. But the forecast was still lower than the $10.27 billion the company reported in the fourth quarter. The disappointing outlook comes despite a boost from China-bound AI chip sales, a Show less Read more
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