AMD Stock Is Getting Hammered This Week: What's Going On?
AMD Stock Is Getting Hammered This Week: What's Going On?
CEO Advanced Micro Devices, Inc. (NASDAQ:AMD) shares are trading lower by 14% to $142.44 since Wednesday's open after the company reported third-quarter results. The company posted revenue of $6.8 billion, which exceeded analyst expectations of $6.71 billion. Earnings per share aligned with projections at 92 cents.
美國超微公司（NASDAQ:AMD）股價自週三開盤以來下跌了14%，至142.44美元，這是在公司公佈第三季度業績後的表現。該公司的營業收入達到了68億美元，超過了分析師對67.1億美元的預期。每股收益與預期一致，爲92美分。
What To Know: AMD's data center segment was the driving force behind the company's growth, achieving a 122% increase to $3.5 billion. The company also saw a 29% rise in client segment revenue, totaling $1.9 billion.
AMD的數據中心業務是公司增長的主要推動力，實現了122%的增長，達到了35億美元。該公司的客戶業務收入也增長了29%，總額爲19億美元。
However, gaming revenue experienced a steep decline of 69% to $462 million, and embedded revenue fell 25% to $927 million, though embedded revenue saw an 8% sequential quarterly increase.
然而，arvr遊戲業務的營業收入大幅下降了69%，至46200萬美元，嵌入式業務收入下降了25%，至92700萬美元，儘管嵌入式業務收入實現了順次季度增長8%。
CEO Lisa Su attributed AMD's results to high demand for the company's EPYC and Instinct data center products, as well as Ryzen processors in the PC segment. She also projected further growth opportunities across data center, client and embedded business sectors, driven by escalating demand for computing power.
AMD的成果歸因於對公司的EPYC和Instinct數據中心產品以及PC領域的Ryzen處理器需求旺盛。蘇娜還預測了未來數據中心、客戶和嵌入式業務領域的進一步增長機會，由對計算力需求不斷上升驅動。
Looking ahead, AMD forecasts fourth-quarter revenue of $7.5 billion, representing a 22% year-over-year increase at the midpoint. Adjusted gross margins for the fourth-quarter are expected to remain consistent at 54%.
展望未來，AMD預測第四季度的營業收入將達到75億美元，中間值表示年同比增長22%。第四季度的調整毛利率預計將保持在54%的水平。
Read Also: US Economy Adds Only 12,000 Jobs In October, Sharply Misses Estimates As Hurricanes, Strikes Pummel Hiring
閱讀更多：美國經濟10月份僅增加1.2萬個工作崗位，大幅低於預期，受到颶風和罷工的影響，僱傭數量大幅減少
Analyst Reactions: The company's expansion in artificial intelligence (AI) and data center solutions has drawn positive reactions from analysts, who suggest AMD could increasingly challenge its main competitor, NVIDIA, in the AI domain.
分析師反應：公司在人工智能和數據中心解決方案方面的擴張受到了分析師們的積極反饋，他們認爲AMD在人工智能領域有望日益挑戰其主要競爭對手英偉達。
KeyBanc analyst John Vinh noted the importance of AMD's MI300 chip, which is projected to generate $5 billion in revenue by 2024.
KeyBanc的分析師John Vinh指出了AMD的MI300芯片的重要性，預計到2024年將創造50億美元的收入。
Vinh believes that this chip could broaden customer adoption across cloud and AI applications, despite conservative fourth quarter guidance.
Vinh認爲，儘管有謹慎的第四季度指引，這款芯片可能會擴大雲計算和人工智能應用的客戶採用。
Cantor Fitzgerald analyst C.J. Muse pointed out that AMD's AI progress with the MI300 may eventually generate $12 billion in revenue, supporting potential earnings growth by 2025 or 2026, even though he anticipates a short-term trading range for AMD shares.
Cantor Fitzgerald的分析師C.J. Muse指出，隨着AMD在MI300上的人工智能進展，可能會在2025年或2026年創造120億美元的營業收入，支持潛在的盈利增長，儘管他預計AMD股票會在短期內交易區間內徘徊。
Other analysts provided mixed assessments. Oppenheimer's Rick Schafer commended AMD's rapid establishment of a competitive AI franchise, projected to surpass $5 billion in annual revenue, though he suggested that investor expectations might be overly ambitious.
其他分析師提供了不同的評估。Oppenheimer的Rick Schafer讚揚了AMD快速建立競爭性人工智能業務的能力，預計年度營業收入將超過50億美元，儘管他認爲投資者的期望可能過於理想化。
Meanwhile, Piper Sandler's Harsh Kumar highlighted strong GPU execution but acknowledged challenging guidance, noting that while AMD's GPU and server segments are promising, gaming and embedded segments pose risks.
與此同時，派傑投資的分析師Harsh Kumar強調GPU的強大執行能力，但承認了具有挑戰性的指引，指出雖然AMD的GPU和服務器業務板塊前景看好，但遊戲和嵌入式業務板塊存在風險。
Read Also: AMD Stock Drops On Q4 Outlook As 10 Analysts Highlight 'Long-Term AI Growth Opportunity,' Nvidia Rivalry
閱讀更多：AMD股票因第四季度展望而下跌，10位分析師強調了'長期人工智能增長機會'，英偉達競爭
譯文內容由第三人軟體翻譯。
