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AMD's Muted AI Sales Forecast Fails To Unleash Bulls [zero hedge]
Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
AMD's Muted AI Sales Forecast Fails To Unleash Bulls Advanced Micro Devices, the second-largest maker of computer processors, disappointed investors with its sales outlook for processors used in data centers. The company also reported weak demand for chips used in gaming hardware, which could serve as a warning for Nvidia bulls as they await the company's earnings report in three weeks. On Tuesday, AMD reported first quarter earnings that were in line with Wall Street's expectations. However, this wasn't enough to overly excite bulls as shares traded down 6.7% in the early cash session. First-quarter earnings, excluding certain items, were 62 cents per share on revenue of $5.47 billion. This report exceeded the estimated profit of 61 cents per share and projected revenue of $5.45 billion. AMD's computer chip division had around $1.4 billion in revenue, compared with a $1.29 billion estimate. Datacenter chip sales were $2.3 billion, which is in line with Wall Street's expectations. Sal
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