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via finance.yahoo.comBusiness & Companies

AMD to report Q3 results following disappointing showing from Intel

FROM THE WIRE · FINANCE.YAHOO.COM

AMD (AMD) will report its third quarter results after the bell on Tuesday, giving Wall Street a look at AI chip demand as the market continues to digest a stark sell-off in the AI trade and a disappointing outlook from rival Intel (INTC) last week. Intel reported…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishAMD results will be watched for AI chip demand as the market digests Intel's weak outlook and sharp share drop.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01AMD will report third quarter results after the bell on Tuesday.
  2. 02Intel guided Q4 revenue to $15-16 billion, below the $17 billion analysts expected.
  3. 03Intel stock plunged nearly 29%.
  4. 04Declining PC market and rising PC prices are weighing on demand.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Advanced Micro Devices, Inc.AMDStock472.03 USD-1.30%today -6.49%Neutral Intel Corp.INTCStock60.11 USD-1.88%today -8.59%Negative NVIDIA CorporationNVDAStock203.54 USD-1.00%today -0.54%Neutral Microsoft CorporationMSFTStock514.36 USD-0.73%today -1.45%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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