AMD stock slumps 5% on earnings miss, China AI chip concerns
Lisa Su, President and CEO of AMD, talks about AMD EPYC processor during her opening speech at the 2019 CES in Nevada, Las Vegas on January 9, 2019.
Steve Marcus | Reuters
Shares Advanced Micro Devices The gains of the Yonkakçi fell more than 5% after the earnings of earnings fell from earnings expectations and increased concerns about the timing of restarting in Chinese shipments.
Santa Clara, based in California, reported 48 cents per share and reportedly 49 cents per share expected by the analysts who participated in the survey by LSEG.
CEO Lisa Su chose Hitler from US controls on artificial intelligence chips in a call with analysts.
“As the US export restrictions effectively eliminated China, the AI business income decreased every year and we started to move to our new generation.” He said.
For the current quarter, AMD envisaged an $ 8.7 billion income of $ 8.3 billion expected by analysts, plus or minus 300 million dollars. The company said that the guidance did not disclose the income from the MI308 AI chip designed to work around the Chinese market to work around chip restrictions.
During the interview with CNBC on Wednesday with CNBC “Squawk on the Street”, the company said that the company worked closely with the Trump administration on the requirements of the license required to send its chips to China, but adopted a “cautious” approach to its guide.
“For us, we think we have a very powerful portfolio,” he said. He continued: “Tens of billions of dollars, an opportunity that will be in a market, let’s say 500 billion plus in the next few years.”
Earlier this year, AMD said it would take a coup of $ 800 million in the second quarter as a result of CHIP restrictions. AMD, in July, the Ministry of Commerce Prepared to restart the application review of these posts plans to continue soon, he said.
Some Wall Street analysts have worried how early these shipments could start. Analysts in Morgan Stanley called the timing of restarting in Chinese shipments as “uncertain” and added that it requires “close terms in the GPU” to maintain the company’s premium.
Bernstein analysts, “China seems to take time to take place (and it sounds like we don’t count too much even if licenses are given), pulling and inventory risks continue, and Opex continues to make a higher walk that limits the leverage.”
Investors also expressed their concerns about the data center business of the company, which has grown 14% and includes central processors and graphic processing units.
“We maintain the important scaling ability of the company in data center GPUs over time, and we think that the business leverage will be prevented by the important OPEX that we believe to support the software and system efforts of the company’s data centers,” Goldman Sachs said.
Super said that on Wednesday, he saw strong estimates for calculating some of the biggest customers of the company and expects a “bending point” to the third quarter.
“The data center business is actually the main driving force of our growth and the next opportunity.”
Despite the post -heroic movement, AMD’s revenues increased by 32% one year ago and rose to $ 7.69 billion and an estimate of $ 7.42 billion from the analysts who participated in the survey by LSEG. Net revenue rose from $ 265 million or 54 cents per share from $ 16 to $ 872 million per share or a previous year’s previous year’s share.
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Kif Leswing from CNBC contributed to this article.
