$AMD has reported their Q2 earnings, with a solid double beat. However, the stock is down sharply in after-hours trading. • Revenue $11.54B vs Est. $11.31B • EPS $1.66 vs. Est. $1.61 • Data Center Revenue $6.7B (+107% YoY) • Gross Margin 56% vs. Est. 56% My quick thoughts: The stock is most likely going down due to how much it has already run YTD. We see that company only grew revenue 50% YOY, compared to $NVDA growing 85% YOY last quarter. With $NVDA growing much faster on a larger revenue base, the market may be wondering why they are even paying a higher premium on $AMD.
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7 Comments
alejandro @a1ejandr0 · 21d
Not the full earning reports are out yet. It’s important to take account of what their guidance is for next quarter, their AI revenue growth, their gross margins, management’s comments on the conference call, and whether the stock had already rallied before earnings.
Ken @kenvesting · 21d
It’s about time the market wonders that. I’ve been wondering why pay a premium for AMD compared to NVDA for a while 😂
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