{"id":5745,"date":"2023-11-01T22:12:17","date_gmt":"2023-11-01T22:12:17","guid":{"rendered":"https:\/\/connectwithfund.com\/news\/amd-surges-after-issuing-positive-outlook-for-ai-chips-next-year-heres-what-the-pros-say\/"},"modified":"2023-11-01T22:12:18","modified_gmt":"2023-11-01T22:12:18","slug":"amd-surges-after-issuing-positive-outlook-for-ai-chips-next-year-heres-what-the-pros-say","status":"publish","type":"post","link":"https:\/\/connectwithfund.com\/?p=5745","title":{"rendered":"AMD surges after issuing positive outlook for AI chips next year. Here&#8217;s what the pros say"},"content":{"rendered":"<div>\n<div data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-6-2\">\n<p><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"xyz-data\">Market Movers rounded up the latest reactions to Advanced Micro Devices from investors and analysts. The pros, including Jim Cramer , discussed the chipmaker after it reported third-quarter results that beat on both earnings and revenue. After market close Tuesday, AMD reported adjusted earnings of 70 cents per share on revenue of $5.8 billion. Analysts anticipated earnings of 68 cents per share and revenue of $5.7 billion, according to LSEG, formerly known as Refinitiv. AMD CEO Lisa Su said the company expects data center graphics processing units revenue of about $400 million in the fourth quarter , and it anticipates topping $2 billion in 2024. These high-powered GPUs power artificial intelligence models. AMD closed the trading session up 9.7%.<\/span><\/span><\/span><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnbc.com\/2023\/11\/01\/amd-surges-after-issuing-positive-outlook-for-ai-chips-next-year.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Movers rounded up the latest reactions to Advanced Micro Devices from investors and analysts. The pros, including Jim Cramer , discussed the chipmaker after it reported third-quarter results that beat on both earnings and revenue. After market close Tuesday, AMD reported adjusted earnings of 70 cents per share on revenue of $5.8 billion. Analysts anticipated earnings of 68 cents per share and revenue of $5.7 billion, according to LSEG, formerly known as Refinitiv. AMD CEO Lisa Su said the company expects data center graphics processing units revenue of about $400 million in the fourth quarter , and it anticipates<\/p>\n","protected":false},"author":1,"featured_media":5746,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":["post-5745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AMD surges after issuing positive outlook for AI chips next year. 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