【Chip stocks that got hammered for a week, hitting back with earnings】
AMD submits at dawn: second-quarter revenue of $11.5 billion, beating expectations, up nearly 50% year over year; the third-quarter guidance also comes in strong, higher than market expectations. Last week, chip stocks were pinned to the ground by sentiment—this time, it’s the results line that stands up and fights back. The AI meal is real, and people are eating it with cash. Of course, one earnings report can’t turn the whole situation around; earnings season is still long, and a whole string of companies still has to face review. As the figures roll in, it will become clear what’s true and what’s false. This “grading” work, we do every day. #AMD $AMD
AMD submits at dawn: second-quarter revenue of $11.5 billion, beating expectations, up nearly 50% year over year; the third-quarter guidance also comes in strong, higher than market expectations. Last week, chip stocks were pinned to the ground by sentiment—this time, it’s the results line that stands up and fights back. The AI meal is real, and people are eating it with cash. Of course, one earnings report can’t turn the whole situation around; earnings season is still long, and a whole string of companies still has to face review. As the figures roll in, it will become clear what’s true and what’s false. This “grading” work, we do every day. #AMD $AMD