Published • loading... • Updated
Intel Drops 5%, NVIDIA Retreats 2% After AMD Earnings Beat and Strong 2027 Outlook as Intel Falls 3%; AMD Stock Goes Nowhere
- Advanced Micro Devices reported strong third-quarter 2026 results on Tuesday, November 3, forecasting over 80% revenue growth for 2027 driven by its data center segment.
- AMD's data center revenue surged 97% to $8.5 billion, offsetting PC weakness while the company scales production of its Helios rack-scale AI platform.
- Third-Quarter revenue reached $13.4 billion, beating consensus estimates, while adjusted earnings per share hit $2.09, topping analyst expectations.
- Chief Financial Officer Jean Hu said management expects to continue investing in inventory and capacity to support 2027 growth. The company's stockpile increased to $11.5 billion from June to September.
- Citi maintains a Buy rating with an $800 price target, citing AMD's strong execution and broadening customer base in AI. Analysts remain optimistic about the company's long-term outlook.
Insights by Ground AI
Podcasts & Opinions
13 Articles
13 Articles
AMD's data center revenues increased by 97 percent and the outlook for 2027 is convincing. Which price brands decide whether the stock's recovery will turn into a turnaround?
·Kassel, Germany
Read Full Article
24/7 Wall St.Reposted by 
BizToc
BizTocStock Market Today: Dow Eyes 2% Jump as AMD Earnings Ease AI Spending Fears
AMD just reported a quarter that sent shockwaves through premarket trading, but whether one blowout earnings report can rebuild confidence across the entire AI trade is a question the rest of the day still has to answer.
·Lakewood, United States
Read Full Article
Coverage Details
Total News Sources13
Leaning Left1Leaning Right2Center7Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
C 70%
R 20%
Factuality
To view factuality data please Upgrade to Premium
