Will the results meet expectations?
- Amazon and AMD earnings will test the AI hype
- High expectations for Amazon’s cloud-computing business
- Concerns about AMD’s potential growth with MI300 chip
- Amazon needs to deliver annual growth of around 15%
- AMD may need to raise guidance for MI300 chip revenue
Amazon and Advanced Micro Devices (AMD) will be reporting their earnings, putting the artificial-intelligence boom to the test. Mizuho analyst Jordan Klein expresses caution for both companies. Amazon’s cloud-computing business, Amazon Web Services, needs to deliver strong annual growth to beat consensus estimates and satisfy the market. However, it must also be careful not to spook stockholders with its capital expenditure plans. On the other hand, AMD faces doubts about the potential growth of its MI300 chip, which competes with Nvidia’s hardware for AI systems. Investors need to feel confident in AMD’s path towards $10 billion in MI300 revenue next year. Both companies’ stocks have seen fluctuations in recent weeks.
Factuality Level: 3
Factuality Justification: The article contains some relevant information about Amazon and Advanced Micro Devices earnings, but it lacks depth and context. It includes some opinions from an analyst without providing a broader perspective or additional sources to support the analysis. The article also lacks details on the overall market conditions and industry trends that could impact the companies’ performance.
Noise Level: 3
Noise Justification: The article provides a focused analysis on the upcoming earnings reports of Amazon and Advanced Micro Devices, discussing the challenges and expectations for both companies in the context of the artificial intelligence boom. It offers insights into the potential risks and opportunities for investors, without delving into irrelevant information or straying off-topic. The analysis is supported by quotes from Mizuho analyst Jordan Klein, providing some evidence for the claims made in the article. Overall, the article stays on point and delivers actionable insights for those interested in the technology sector.
Financial Relevance: Yes
Financial Markets Impacted: Amazon and Advanced Micro Devices (AMD)
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses the upcoming earnings reports of Amazon and Advanced Micro Devices (AMD), which could impact their stock prices and the technology sector. However, there is no mention of any extreme events or their impact.
Public Companies: Amazon.com (AMZN), Advanced Micro Devices (AMD)
Key People: Jordan Klein (Mizuho analyst)
Reported publicly:
www.marketwatch.com 
