When it comes to virtual machine migration, it can be difficult to discern what is accurate and what is just a myth. AMD's own Robert Hormuth uncovers misconceptions and why VM migration is increasingly essential for companies. bit.ly/4aUDCQW

$AMD conference call summary: Data center segment revenue grew 80% and we now have more than 100 enterprise and AI customers deploying Mi300X. Demand remains really strong, and consequently, we now expect 2024 data center revenue to exceed $4 billion, up from our prior guidance…

PS5 and Xbox console sales look weak for the year. In fact, gaming demand is down "a lot," said AMD CFO Jean Hu, in the analyst call after earnings today. Gaming was down 48% in Q1 compared to a year ago. "If you look at gaming, demand has been quite weak. That's well known.…

AMD raising 2024 data center guidance from $3.5B to $4B, while nearly doubling the segment YoY 📈 ‣ EPS: $0.62 vs $0.61 Est. (BEAT) ‣ Revenue: $5.5B vs $5.47B Est. (BEAT) $AMD 🔻-7% after-hours

$AMD CEO Lisa Su on the M1300: "We are tight on supply, so there's no question in the near term that if we had more supply, we have demand for that product, and we're going to continue to work on those elements as we go through the year"

AMD: $4 billion of AI chip sales for 2024, up $500 million from prior forecast. Wall Street: ain't enough.

After-hours Earnings moves: $AMZN beat EPS estimates, up $2 w/ an expected move of +/-$13 $AMD beat EPS estimates, down -$13 w/ an expected move of +/-$12 $SMCI beat EPS estimates, yet down -$65 after being up $90 and reversing w/ an expected move of +/-$113 Whomp, whomp

AMD expects $4 billion in 2024 AI chip sales, up from $3.5 billion forecast in Jan. Stock dropping on that.... www.cnbc.com/2024/04…

$AMD raises its 2024 data center GPU sales guide to $4B+ from $3.5B+ on its call. Stock is down 7.5% AH (markets were looking for a bigger guidance hike).

AMD upping its MI300 FY2024 estimates: "Demand continues to strengthen, and based on our expanding customer engagements we now expect data center GPU revenue to exceed $4 billion in 2024, up from the $3.5 billion we guided in January." Very much expected by the street $AMD

$AMD AMD Q1 FY24: • Revenue +2% Y/Y to $5.5B ($20M beat). • Gross margin 47% (+3pp Y/Y). • Operating margin 1% (+3pp Y/Y). • Non-GAAP EPS $0.62 ($0.01 beat). Lisa Su: “Widespread deployment of AI is driving demand for significantly more compute across a broad range of…

Wall Street is tough. $AMD Tuning into the call. edge.media-server.co…

🔴WATCH LIVE: Advance Micro Devices Q1 2024 Earnings Call | $AMD twitter.com/i/broadc…

Hola Traders! Available now #TheMarketsRecap on Youtube❗️Watch for insights from @tradertvshawn & @alphatrends on the #TuesdayMarketMovers. This evening an exciting episode reviewing $AMZN, $AMD, $SMCI Earnings! BTC to the Downside, $TSLA Falls💸👀 Available Now…

$AMD Q1 2024 Revenue +2% *Data Center +80% *Client +85% *Gaming -48% *Embedded -46% EBIT +125% *marg. 1% (-3) EPS +178%

AMD's data center business grew 80% but the stock is down www.cnbc.com/2024/04…