Why AMD will have a 'leg up' on some AI rivals: Analyst
01/31/2024 06:24
Advanced Micro Devices (AMD) reported fourth-quarter revenue that beat Street estimates, but its first-quarter guidance fell short. Argus Director of Research Jim Kelleher joins Yahoo Finance Live to discuss the results. Kelleher notes the company’s stock is up 20% year-to-date, and says that performance “the freight train” is hard to ignore. Kelleher states that sectors of AMD including gaming and datacenter are faring differently, and suggests looking at each sector instead of lumping them together, "It's really a tale of two forecasts.” Watch the video above to find out why Kelleher says AMD has a "leg up" on many rivals when it comes to AI. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Eyek Ntekim
Advanced Micro Devices (AMD) reported fourth-quarter revenue that beat Street estimates, but its first-quarter guidance fell short. Argus Director of Research Jim Kelleher joins Yahoo Finance Live to discuss the results. Kelleher notes the company’s stock is up 20% year-to-date, and says that performance “the freight train” is hard to ignore.
Kelleher states that sectors of AMD including gaming and datacenter are faring differently, and suggests looking at each sector instead of lumping them together, "It's really a tale of two forecasts.”
Watch the video above to find out why Kelleher says AMD has a "leg up" on many rivals when it comes to AI.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Eyek Ntekim