DNY59 The semiconductor business is inherently cyclical, driven by economic cycles. There are steep plunges during contraction, followed by very attractive returns during expansions if one chooses quality over discount (read: Intel). As I am all about total returns and hunting alpha, Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the quality companies I am loading up on during weakness, expecting double-digit annual returns long term. One of the many reasons I am taking such an ultra-bullish stance on ...

Jonathan KitchenAMD (NASDAQ:AMD) (NEOE:AMD:CA) had limped through in the early part of 2024 with AI GPU sales disappointing, hoping for big sales gains. The chip company finally appears on an accelerated path in the 2H, with chip sales reaching an inflection point in Q2. My investment thesis is ultra-Bullish on the stock, following the massive dip in the last couple of weeks from a high over $180. GPU Ramp Is Finally Here The chip company reported a slight beat for Q2'24, not exactly impressive for the ...

文章核心观点 - AMD 第二季度财报超预期,净利润和收入均有大幅增长 [1][2] - AMD 预计第三季度收入将同比增长16%,达到67亿美元 [3] - AMD 股价虽然有所上涨,但仍低于年初水平,表现不佳 [4] AMD 优势 - AMD 在人工智能领域虽然落后于英伟达,但正在寻找其他利基市场 [5] - AMD 数据中心业务收入大幅增长115%,其中GPU销售达到10亿美元 [6][7] - AMD 的Instinct GPU在数据中心得到广泛应用,正在成为一家人工智能芯片公司 [7][8] - AMD 在个人电脑市场的Ryzen系列产品正在复苏 [9] - 分析师普遍看好AMD的前景 [10] AMD 劣势 - AMD 游戏和嵌入式业务收入大幅下滑 [11] - AMD 2022年以490亿美元收购的Xilinx公司业务表现不佳,CEO也宣布退休 [12][13] - AMD 游戏主机业务和显卡市场表现不佳,需要通过软件优化来提振销量 [14] - AMD 仍存在诸多弱点,很难完全追赶英伟达 [15][16][17]

The company's recent earnings were far more impressive than its 9% revenue growth implies.Semiconductor company Advanced Micro Devices (AMD -0.03%) recently reported second-quarter earnings. While archrival Nvidia posted triple-digit revenue growth on AI tailwinds in recent quarters, some laggards in AMD's business have muffled its top-line performance.However, there are signs that AMD is becoming increasingly competitive in AI, which could accelerate the company's total growth.With shares down over 30% fro ...

Klaus Vedfelt/DigitalVision via Getty Images Data centers and artificial intelligence have remained two of the hottest topics of conversation over the past twelve months. Many believe we’ve entered a new era of technology and innovation including participants in the boom such as Nvidia (NVDA) CEO, Jensen Huang. Just recently, Huang said “we’re at the beginning of a new industrial revolution.” The implications of such change are enormous and evident through the massive investment funneling into artificia ...

Talks are doing rounds lately that billions of dollars that are being plowed into artificial intelligence (AI) by big tech companies will take longer to produce the expected return on investment. Microsoft (MSFT) and Alphabet (GOOGL) stocks took a beating post earnings on this ground.But all is not gloomy as there is no any “AI fatigue.” Semiconductors or chips — those necessary for AI developments — have been in high demand from big tech companies. The divergent reactions to Microsoft and AMD's earnings po ...

Tim Robberts Introduction In light of its Q2 2024 report, Advanced Micro Devices, Inc. (NASDAQ:AMD) stock popped by a double-digit percentage; however, investors have quickly faded the bounce, and AMD is now trading where it was heading into the print! GoogleFinance Now, going into the report, I wrote the following in my earnings preview note: Advanced Micro Devices is a fundamentally sound business that I want to own long-term; however, in the absence of AI-powered hypergrowth, I find it difficult to just ...

文章核心观点 - 该文章主要介绍了Advanced Micro Devices (AMD)公司的最新财报和业务发展情况 [1] - 文章分析了AMD在数据中心和游戏市场的表现,以及未来发展前景 [1] 公司业务概况 - AMD是一家专注于制造处理器和显卡的半导体公司 [1] - 公司主要业务包括个人电脑、数据中心和游戏三大领域 [1] 财务表现 - 2022年第二季度,AMD实现收入65.7亿美元,同比增长70% [1] - 毛利率为54%,同比提高5个百分点 [1] - 净利润为6.55亿美元,同比增长167% [1] 数据中心业务 - 数据中心业务收入同比增长83%,占总收入的54% [1] - 公司在云计算和人工智能领域取得了显著进展 [1] - 未来数据中心业务有望持续保持高速增长 [1] 个人电脑业务 - 个人电脑业务收入同比增长32%,占总收入的26% [1] - 公司在笔记本电脑和台式机处理器市场保持领先地位 [1] - 未来个人电脑业务有望保持稳定增长 [1] 游戏业务 - 游戏业务收入同比增长32%,占总收入的20% [1] - 公司在游戏显卡和主机处理器市场保持优势 [1] - 未来游戏业务有望持续增长 [1]

文章核心观点 - 公司在数据中心业务方面表现出色,收入大幅增长115% [2][3][7] - 公司的数据中心业务占总收入的比重从25%增加到49% [7] - 公司的自由现金流正在快速增长,预计将在下半年继续加速 [8] 数据中心业务 - 公司数据中心业务收入达到28亿美元,同比增长115% [7] - 数据中心业务占公司总收入的比重从25%增加到49% [7] - 数据中心业务的利润增长405%,增速远高于收入增速 [7] - 公司预计第三季度数据中心业务收入增速将进一步加快 [11] 自由现金流 - 公司第二季度自由现金流达到4.39亿美元,同比增长73% [8] - 公司自由现金流率从4%提升到8%,有望在下半年再次翻倍 [8] - 预计公司全年自由现金流有望达到20亿美元 [8] 估值分析 - 公司当前估值仍处于合理水平,未来有进一步上升空间 [13][14] - 与英伟达相比,公司估值更具吸引力 [13] - 公司有望凭借数据中心业务的快速增长,实现较高的盈利增长 [13]

That tech stocks have been the driving force behind the two-year bull market is no surprise. It was the Magnificent Seven stocks that represented most of the S&P 500’s 24% gains last year. Most of those companies are repeating their performance in 2024, if not quite to the same degree.However, after hitting a new record high two weeks ago, the benchmark index started to peel back from those gains. Mostly, it was the result of investors selling off some of the top tech stocks and rotating into small-cap name ...