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AMD-ADVANCED MICRO DEVICES INC
AMD Shows Resilience with 18% Revenue Growth and 122% Surge in Data Center Segment Despite Stock Decline
Tuesday
19 November, 2024
AMD's recent Q3 2024 earnings reveal an impressive 18% revenue growth, driven by a staggering 122% surge in its data center segment, now making up over half of its total revenue. Can AMD leverage its strengths in AI and data-centric solutions to overcome current stock volatility and gaming segment challenges?
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Key Takeaways
- AMD's stock has fallen significantly since its March 2024 peak, raising concerns about its market competitiveness.
- The gaming segment has experienced a substantial decline, contributing to investor skepticism.
- Despite an overall revenue increase, the outlook for AI chip sales appears limited, indicating possible stagnation.
- Analysts anticipate earnings recovery in 2025, but future projections are risky amid intense competition.
- Current market volatility suggests that potential investors should proceed with caution.
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