) latest round of quarterly results reminded investors that not all chipmakers are going to see Nvidia-like growth amid the artificial intelligence boom.
But shares fell nearly 9% on Wednesday, reflecting that in-line reports might not be enough for AI investors after more than a 70% run-up in AMD stock over the past year. But AMD's move mirrored other drops in chipmaker stocks on Wednesday, pointing to a slowdown in investor enthusiasm around the AI trade, particularly in names that have rallied heavily over the past year.) shares, which had been up more than 700% over the past year, fell more than 14% on Wednesday after the company reported quarterly revenue of $3.85 billion — short of Wall Street's estimates for $3.95 billion but still reflecting about 200% growth compared the same period a year prior.
Lisa Su, president and CEO of AMD, gave a keynote address at the 2019 CES in Las Vegas, Nevada, on January 9, 2019. In the face of persistent inflationary pressures, numerous companies have implemented price increases to offset the mounting costs. However, this strategy may encounter headwinds as the consumer's financial resilience slows, particularly within the food industry.
Source: News Formal (newsformal.com)
Vivek Arya Wall Street Artificial Intelligence Quarterly Revenue Quarter Revenue Bank Of America
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »
Source: SaltWire Network - 🏆 45. / 63 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »