AMD is a company that makes computer chips. They had a good second quarter, which means they made more money than expected. Their chips are being used more in data centers and in computers and video games. They think they will make even more money in the next three months. People who follow the stock market are paying attention to this news and the stock price is going up. Read from source...
- The headline is misleading, suggesting that AMD stock is in the red year-to-date, which is not true according to Yahoo Finance.
- The article uses a very small image of AMD CEO Lisa Su, while NVDA CEO is not mentioned at all.
- The article claims that AMD's Q2 earnings and revenue increased year-over-year, but then compares them to "Street estimates and comparable metrics from the prior-year periods" instead of actual NVDA results.
- The article uses outdated data for Intel, which reported its Q2 earnings on July 28, 2024, and showed a 3% increase in revenue and a 21% increase in earnings per share, which contradicts the claim that Intel is expected to report a 23% year-over-year drop in earnings per share.
- The article quotes CEO Lisa Su without providing any context or explanation of her statements, making it seem like they are self-serving or exaggerated.
- The article uses an unnecessarily large and distracting image of AMD's data center revenue chart, while other charts are not shown or explained.
- The article does not mention any of the challenges or risks facing AMD, such as competition, supply chain issues, or regulatory hurdles.
Positive
Article's Key Points:
- AMD reported Q2 earnings and revenue that increased year-over-year amid strength in data center revenue and fairly positive performance in the client business.
- The guidance for the running quarter also came in ahead of expectations.
- AMD's CEO, Lisa Su, said that the company's AI business continued accelerating and that they are well positioned to deliver strong revenue growth in the second half of the year.
- The chipmaker's stock was up 4.8% in after-hours trading.
- AMD is expected to report a full-year earnings of $3.49 per share and revenue of $25.57 billion, marking increases of roughly 32% and 13%, respectively.