AMD's Q1 Call... the good, bad & ugly
Posted: May 01, 2024
- AMD reported Q1 earnings, slightly beating revenue and EPS expectations - Margins are improving for AMD - Bad news in Q1 for gaming segment, expected to continue into Q2 due to upcoming Sony PS5 Pro launch and new gaming architectures - Supply constraints for MI300 products impacting sales; however, demand exceeding supply shows competitiveness - Data center GPUs, CPUs, and margins for AMD are selling strong - Guidance for MI300 sales in 2024 is raised to "over $4bn," up from $3.5bn - Stock may drop, but overall AMD's core thesis remains strong amid supply constraints and market volatility
Summarized top reddit comments: - Money is tight and people are looking out for themselves. - OP may have all his savings in AMD calls. - Net margins and net income for AMD are poor. - Some optimism is expressed for overcoming challenges. - Detailed breakdown of AMD's Q1 performance. - Question about AMD's stock positions. - Discussion on selling AMD put options and potential strategies. - Mention of entering the market at 137.
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