AMD shares edge higher as earnings test $74 billion data-center forecast
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. AMD (NASDAQ:AMD) heads into Tuesday's results with a bigger test: can processors and AI accelerators deliver growth together? Shares rose 0.76% to $508.62 at 9:35 a.m. ET on November 2. A TipRanks preview puts the spotlight on…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralResults due Tuesday with revenue and margin guidance that could move the AMD stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01AMD shares rose 0.76% to $508.62 at 9:35 a.m. ET on November 2.
- 02Susquehanna forecasts $74 billion in 2027 data-center revenue.
- 03AMD guided to $13 billion in revenue with roughly 56% adjusted gross margin.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets