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Advanced Micro Devices, Inc. (AMD) vs. Sandisk Corporation (SNDK): Chip Earnings Momentum Meets a Mixed Market Reaction
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Insider Monkey – Free Hedge Fund and Insider Trading Data
Advanced Micro Devices, Inc. (NASDAQ:AMD) beat Wall Street’s estimates across the board Tuesday, with revenue up 50% and data center sales more than doubling.
Data Center revenue, the heart of AMD’s AI story, more than doubled to $6.7 billion.
The Bull CaseAdvanced Micro Devices, Inc. (NASDAQ:AMD)’s Data Center growth is the whole story: revenue there jumped 107% year-over-year.
Advanced Micro Devices, Inc. (NASDAQ:AMD) also depends heavily on Taiwan Semiconductor for manufacturing, and the tight advanced packaging capacity there remains a real bottleneck the company doesn’t fully control.
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