AMD - BULLISH SCENARIO
Advanced Micro Devices (AMD) has projected $2 billion in 2024 sales from a new chip designed to compete with Nvidia, helping their stock rebound after missing quarterly expectations. While their gaming and certain programmable chip segments faced challenges, AMD expects the MI300 chip to generate $400 million in Q4 revenue, with a 2024 sales forecast of $2 billion. AMD is preparing to launch the MI300X chip, aiming to rival Nvidia in the data center AI market. AMD's CEO, Lisa Su, mentioned that multiple large hyperscale customers have committed to using the MI300 chips. Despite these positive developments, other segments faced difficulties.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.