AMD’s earnings report shifts focus to guidance
Third-quarter revenue was about $13.4 billion
up roughly 45% year over year
Data center revenue was about $8.5 billion
nearly doubling year over year
The midpoint of fourth-quarter revenue guidance was about $17 billion
The market initially rallied sharply to keep the AI narrative alive
But when U.S. markets opened that same day
stocks tied to data centers came under pressure from regulatory concerns
On one side, demand for chips is materializing
On the other, expectations for AI infrastructure regulation are rising after the election
The two forces are pulling in opposite directions
Don’t just watch from the sidelines when it comes to crypto
Whether the AI hardware narrative can hold up
will first show up in risk appetite for tech stocks
Bitcoin has been highly sensitive to this lately
$BTC $ETH
#AMD surges after beating expectations, does the AI narrative continue? #AI #chip stocks
Third-quarter revenue was about $13.4 billion
up roughly 45% year over year
Data center revenue was about $8.5 billion
nearly doubling year over year
The midpoint of fourth-quarter revenue guidance was about $17 billion
The market initially rallied sharply to keep the AI narrative alive
But when U.S. markets opened that same day
stocks tied to data centers came under pressure from regulatory concerns
On one side, demand for chips is materializing
On the other, expectations for AI infrastructure regulation are rising after the election
The two forces are pulling in opposite directions
Don’t just watch from the sidelines when it comes to crypto
Whether the AI hardware narrative can hold up
will first show up in risk appetite for tech stocks
Bitcoin has been highly sensitive to this lately
$BTC $ETH
#AMD surges after beating expectations, does the AI narrative continue? #AI #chip stocks
