AMD's AI Bet A 2024 Opportunity, But Near-Term Outlook Leaves Analysts Wary After Q2 Print
Portfolio Pulse from Shanthi Rexaline
Advanced Micro Devices, Inc. (AMD) reported better-than-expected Q2 results but the guidance was lower than expected. Analysts are wary of the near-term outlook but see potential in AMD's AI chip MI300X, which is expected to ramp up in 2024. AMD's AI chips will likely power Hewlett-Packard Enterprises, Inc.'s (HPE) upcoming exa-scale supercomputer, El Capitan. Intel Corp's (INTC) aggressive pricing and promotion were expected to impact AMD's margins, but Q2 results have eased these concerns.
August 04, 2023 | 11:44 am
News sentiment analysis
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NEUTRAL IMPACT
AMD's Q2 results were better than expected but the guidance was lower than expected. The company's AI chip MI300X is seen as a potential opportunity in 2024.
AMD's Q2 results were positive but the lower guidance may impact the stock negatively in the short term. However, the potential of the AI chip MI300X could provide a long-term opportunity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Intel's aggressive pricing and promotion were expected to impact AMD's margins, but Q2 results have eased these concerns.
Intel's aggressive pricing and promotion strategy could potentially impact its market share and competitiveness against AMD. However, AMD's positive Q2 results have eased these concerns.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
AMD's AI chips will likely power HPE's upcoming exa-scale supercomputer, El Capitan.
The use of AMD's AI chips in HPE's upcoming supercomputer could potentially boost HPE's performance and reputation in the AI and supercomputing market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50