AMD’s earnings report surpassed both revenue and EPS estimates, causing an increase in its stock price during after-hours trading. Yet, the future looks challenging for the company as they anticipate economic difficulties. Specifically, they predict a decrease in revenue of approximately $700 million for the current quarter and $1.5 billion for the entire fiscal year.
During a recent conference call discussing AMD’s financial results, CEO Lisa Su expressed her belief that while there are some challenges posed by fluctuating global economic conditions and regulatory restrictions, such as the export controls on Instinct MI308X shipments to China, these issues will be counterbalanced by the robust advantages of our cutting-edge product lineup. (Reported by CNBC)
As a gamer, I can’t help but feel a pang of worry when hearing about the recent AMD stock dip in after-hours trading. The initial bump following the report release was short-lived, and it seems clear that the Trump tariffs are casting a long shadow over the tech industry. It appears AMD is gearing up for some tough economic times ahead for the next few months.
For further insights into AMD’s recent quarter, delve into their earnings statement. Keep up with tech finance news by making Shacknews your go-to source.
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2025-05-07 02:07