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AMD Gives Tepid Forecast Amid Weak Demand for Gaming Chips [BNN Bloomberg (Canada)]
Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Second-quarter revenue will be approximately $5.7 billion, the company said in a statement Tuesday. That compares with an average analyst estimate of $5.72 billion. Revenue from AMD's gaming division fell well short of projections last quarter, but the company is expecting to get a boost from a push into AI accelerators — Nvidia Corp.-style chips that help develop chatbots and other tools. The company has projected that its new MI300 products will generate as much as $3.5 billion of revenue this year. The AMD report follows a downbeat forecast last week from Intel Corp., which said it expects demand to remain sluggish in the first half of the year. But AMD is still expecting growth in the range of 6% in the current quarter, better than the roughly flat projection of its larger rival. AMD shares fell more than 3% in late trading after the results were released. The stock had closed at $158.38 on Tuesday, up 7.4% for the year. Like Intel, AMD still gets most of its revenue from
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