The Santa Clara, Calif.-based firm reported US$709 million in net profit on US$7.4 billion in revenue in the first quarter, up 476 per cent and 36 per cent, respectively, and both ahead of analysts’ consensus estimates as compiled by Visible Alpha. AMD shares rose as much as 4.87 per cent in Wednesday trading. (The Logic)
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The Santa Clara, Calif.-based firm reported US$709 million in net profit on US$7.4 billion in revenue in the first quarter, up 476 per cent and 36 per cent, respectively, and both ahead of analysts’ consensus estimates as compiled by Visible Alpha. AMD shares rose as much as 4.87 per cent in Wednesday trading. (The Logic)
Talking point: Graphics processing unit rival Nvidia has been the main target of Washington’s efforts to restrict Beijing’s access to cutting-edge chips, but AMD hasn’t escaped unscathed. AMD expects tougher U.S. licensing requirements for exports to China will cost it US$1.5 billion in lost revenue this year, CFO Jean Hu said on an earnings call Tuesday. Meanwhile, Super Micro Computer’s share price fell as much as 6.91 per cent after the beleaguered server-maker projected net sales between US$5.6 billion and US$6.4 billion in its current quarter, below Visible Alpha consensus estimates of almost US$7 billion ahead of the firm’s earnings report.
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