AMD

Advanced Micro Devices (NASDAQ:AMD) reported fiscal Q2 non-GAAP net income of $0.58 per share, down from $1.05 a year earlier. Analysts polled by Capital IQ expected $0.57. Net revenue for the quarter ended July 1 was $5.36 billion, compared with $6.55 billion a year earlier. Analysts surveyed by Capital IQ expected $5.32 billion. The company said it expects fiscal Q3 revenue of roughly $5.70 billion, plus or minus $300 million. Analysts surveyed by Capital IQ expect $5.85 billion.

Company Management Jean Hu – Executive Vice President, Chief Financial Officer, and Treasurer Lisa Su – Chair and Chief Executive Officer Mitch Haws – Head of Investor Relations Analysts Aaron Rakers – Wells Fargo Chris Danely – Citi Christopher Rolland – SIG Harlan Sur – JP Morgan Harsh Kumar – Piper Sandler Joseph Moore – Morgan Stanley Matt Ramsay – TD Cowen Stacy Rasgon – Bernstein Research Timothy Arcuri – UBS Toshiya Hari – Goldman Sachs Vivek Arya – Bank of America Securities Operator We will now be conducting a question-and-answer session.  And the first question comes from the line of Matt Ramsay with TD Cowen. Please proceed with your question. Matt Ramsay Yes, good afternoon, and thanks for taking my questions, and congrats on the results. I guess, Lisa, my first question is around the Datacenter business. I think we’re all, across the industry, observing a shift in workload

01/31/2023 AMD (NASDAQ:AMD) reported Tuesday Q4 non-GAAP earnings of $0.69 per diluted share, down from $0.92 a year earlier. Analysts polled by Capital IQ expected $0.67. Revenue for the quarter ended Dec. 31, 2022, was $5.6 billion, up from $4.83 billion a year earlier. Analysts surveyed by Capital IQ expected $5.52 billion. The company said it expects Q1 revenue to be about $5.3 billion, plus or minus $300 million. Analysts polled by Capital IQ expect $5.51 billion.

Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock price trend forecast and trading range: Updated to: 2023.2.1 (Note: The upper red line in the picture is the resistance, and the lower red line is the support) Analysis from stock chart —————————————————————- Short-term trend: bullish Sell high and buy low of range : $78 – $90 Support: $78 resistance: $90 Stop Loss Price: $78 price target: $90 Buy the position again: stop fall and rise to $78 Medium-term trend: bullish High sell low buy range: $78 – $95 Support: $78 resistance: $95 Stop Loss price: $78 price target: $95 Buy the position again: stop fall and rise to $78 Long-term trend: bullish High sell low buy of range: $78 – $100 Support : $78 resistance: $100 Stop Loss price: $78 price target : $100 Buy the position again: stop fall and rise to $78 From Analysis from financial statements: revenue for the fourth