AMD data center results disappoint, shares slump
By Arsheeya Bajwa and Max A. Cherney
(Reuters) -Lalı micro devices reported the income of disappointing data, which is a lucrative segment on Tuesday. artificial intelligence Cips that investors bet for rapid growth.
Santa Clara, California -based company shares fell by about 4% in long transactions.
AMD’s shares increased by more than 40% this year, and investors have left behind a leap of about 12% in the comparison chip index, as they bet on the company’s ability to benefit from the widespread use of AI.
For power complex for AI systems MicrosoftMeta Platforms, Producer AI leader Openai And other customers are still looking for technology companies in a fiery way.
Meta increased the lower end of annual capital expenditure estimation by 2 billion dollars and plus $ 72 billion between $ 66 billion. Microsoft estimates capital expenditures of $ 30 billion for the first -existing financial first quarter to meet the rising AI demand.
However, AMD did not use the AI expenditures equally as competitor Nvidia.
“Investors may be more careful for their data center segments because they offer new products to compete with NVDA and pursue more reliable customers,” Carson Group chef strategy expert Ryan Detrick said. He said.
In the first quarter of Nvidia, the data center segment increased by 73% to $ 39.11 billion as it tried to adopt companies’ flagship Blackwell Cips and systems. NVIDIA’s data center work includes graphic processors (GPU) and network equipment.
In contrast, according to LSEG estimates, AMD’s second quarter data center income increased by 14% to $ 3.2 billion in line with analysts’ expectations of $ 3.22 billion. Beyond the instinct AI chips, AMD also includes server processors (CPU) in the data center segment.
In the second quarter of AMD, the income of lifeless data center, AMD and Nvidia shareholder Synovus Trust’s portfolio manager Dan Morgan said, “It was enough to raise an eyebrow”. “It is traded from AMD data center.”
After the results of AMD reported the results, CEO Lisa Su said that the company’s AI chip revenue fell from year to year due to the US’s export restrictions on China and the transition to the new generation MI350 series AI Chips.
The company said, MI350 series before the program in June, said water and AMD expects a steep increase in the production of the chip in the second half of this year.
Chinese licenses are examined
The data compiled by LSEG shows about $ 8.7 billion, plus or minus 300 million dollars compared to the an average of $ 8.30 billion of the analysts’ third quarter income of the chip designer. Compared to 54.1%estimates, AMD estimated a gross margin of about 54%of the third quarter -set gross edge cavities.
