Advanced Micro Devices (AMD) is set to release its earnings report on Tuesday, and investors are looking for clues about the company’s future performance. While AMD’s non-artificial-intelligence business is expected to do well, its AI business may be a different story.
A recent agreement with OpenAI has boosted AMD’s stock in the past, and another catalyst for growth could come from this earnings report and an analyst day later this month. However, demand for AMD’s graphics processing units entering Tuesday’s earnings report appears “fine,” according to Morgan Stanley’s Joseph Moore. This suggests that investors are not expecting significant gains in this segment in the near term.
Source: https://www.marketwatch.com/story/amd-earnings-heres-whats-needed-to-keep-the-stock-rally-going-31283aec