Aug. 5 at 11:02 PM
$AMD if you gambled earning puts, congrats!
$165 seem to be the support level right now and a break of
$169-170 would change the trend back to bullish
If we don't hold,
$161.15 is target
Earnings
Earnings per share: 48 cents adjusted versus 49 cents expected
Revenue:
$7.69 billion versus
$7.42 billion expected
For the current quarter, AMD expects sales of
$8.7 billion, plus or minus
$300 million, versus expectations of earnings of
$8.3 billion
$AMD reported net income during its fiscal second quarter of
$872 million, or 54 cents per share, increasing from
$265 million, or 16 cents per share in the year-ago period
Big customers such as
$META and OpenAI are increasingly looking to
$AMD to provide an alternative to
$NVDA chips, especially for inference, or when AI models are deployed to the public
