AMD May 2024 145.000 put
| Previous close | 2.1700 |
| Open | 1.8900 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 145.00 |
| Expiry date | 2024-05-10 |
| Day's range | 1.6200 - 2.2000 |
| Contract range | N/A |
| Volume | |
| Open interest | 3.08k |
Yahoo FinanceAMD beats on Q1 revenue and EPS, stock edges lower on light guidance
Chip giant AMD reported its first quarter earnings on Tuesday beating analysts' expectations on the top and bottom lines, but lighter-than-anticipated guidance for the next quarter sent the stock lower.
- Yahoo Finance Video
AMD stock drops after reporting slim Q1 earnings beat
Advanced Micro Devices (AMD) shares pull back further after Tuesday's market close as the chip company posts a narrow first-quarter earnings beat: $5.5 billion in revenue against expectations of $5.45 billion, adjusted earnings of $0.62 per share against expectations of $0.61. Yahoo Finance's Julie Hyman and Josh Lipton break down the chip giant's quarterly results, highlighting the company's second-quarter guidance and CEO Lisa Su's comments on growth in particular segments such as data centers. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
ReutersAMD, Super Micro tumble as earnings fall short of lofty AI expectations
Its forecast of $4 billion in AI chip sales for 2024 fell short of Wall Street's lofty expectations, having been used to Nvidia's massive forecasts over the past year. Super Micro Computer, whose near-200% stock jump this year has outpaced even gains in Nvidia, tumbled over 11% as its third-quarter revenue missed estimates amid questions over the profitability of a new line of servers. Executives of both AMD and Super Micro Computer said supply constraints were hampering their efforts to capitalize on demand for equipment powering the boom in generative AI.
