Investors Await AI Accelerator Guidance Amid Market Uncertainty
- AMD’s AI revenue forecast is crucial for investors
- Analysts debate what number would be good enough for Wall Street
- Potential MI300 order cuts by Microsoft are a concern
- Susquehanna expects a $4.5 billion guidance to create upside for the stock
- Analysts expect AMD to report 68 cents in adjusted EPS and $5.72 billion in total revenue
Advanced Micro Devices Inc. (AMD) is set to release earnings, and the focus will be on its full-year revenue forecast for its MI300 artificial intelligence accelerator. Investors are closely watching for any updates on this figure as it could impact the stock’s performance. Cantor Fitzgerald’s C.J. Muse believes a move to $5 billion or more would be positive, while Susquehanna’s Christopher Rolland expects an additional $500 million raise to $5 billion for 2024. Analysts tracked by FactSet expect AMD to report 68 cents in adjusted EPS and $5.72 billion in total revenue.
Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about AMD’s earnings report, its revenue forecast for the MI300 artificial-intelligence accelerator, and the expectations of various analysts regarding the company’s performance. It also includes relevant data on different segments of AMD’s business. The information is based on research and analysis from multiple sources, making it a reliable source for investors to understand the current state of the company.
Noise Level: 6
Noise Justification: The article provides some relevant information about AMD’s earnings and revenue forecast for its MI300 artificial-intelligence accelerator, but it also contains a lot of industry jargon and specific financial terms that may not be easily understood by all readers. It also dives into the opinions of various analysts without providing a clear conclusion or analysis of the overall situation.
Public Companies: Advanced Micro Devices Inc. (AMD), Microsoft Corp. (MSFT), Nvidia Corp. (NVDA), Broadcom (null)
Key People: C.J. Muse (Analyst at Cantor Fitzgerald), Christopher Rolland (Analyst at Susquehanna), Matt Bryson (Analyst at Wedbush), Srini Pajjuri (Analyst at Raymond James)
Financial Relevance: Yes
Financial Markets Impacted: AMD, Microsoft Corp., Nvidia Corp.
Financial Rating Justification: The article discusses Advanced Micro Devices Inc.’s (AMD) earnings report and its impact on the company’s revenue forecast for its MI300 artificial-intelligence accelerator. It also mentions the potential effects on financial markets, specifically the stocks of AMD, Microsoft Corp., and Nvidia Corp. Investors are closely watching these companies’ performance in the AI market.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article, it discusses AMD’s earnings and revenue forecast for its MI300 artificial-intelligence accelerator.
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