AMD beats estimates on record data center sales, but a $1.1B warrant charge weighs
FROM THE WIRE · FINANCE.YAHOO.COM
OpenAI (OPAI.PVT) and Meta (META) could buy 320 million AMD (AMD) shares for a penny apiece. That's $3.2 million for stock worth about $155 billion, and AMD just got its first bill for the deal. The chipmaker beat Wall Street's estimates on Tuesday, with record data center sales…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishRecord revenue and strong guidance at AMD, with a non-cash charge tied to AI deals.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01AMD beat Wall Street estimates with record data center sales of about $8.5 billion.
- 02The forecast points to about $17 billion of fourth-quarter revenue.
- 03A $1.1 billion charge tied to warrants linked to OpenAI and Meta weighed on results.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Advanced Micro Devices, Inc.483.90 USDMarket closedtoday +3.65%Positive Meta Platforms, Inc.621.03 USDMarket closedtoday +2.36%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets