Report
Abhinav Davuluri
EUR 100.00 For Business Accounts Only

New Product Ramps Fail to Insulate AMD From Excess GPU Channel Inventories; No Change to $11 FVE

AMD reported fourth-quarter results slightly below our expectations due to lower GPU sales stemming from post-cryptocurrency boom excess channel inventories that have also plagued Nvidia (which lowered its revenue guidance Jan. 28). On a positive note, about 65% of AMD’s sales during the quarter came from new products, including Ryzen PC CPUs, EPYC server CPUs, and Radeon data center GPUs. Shares rose 9% during after-hours trading as the firm recorded its highest client computing sales in more t...
Underlying
Advanced Micro Devices Inc.

Advanced Micro Devices is a semiconductor company. The company primarily provides x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit, chipsets, graphics processing units (GPUs), data center and personnel GPUs, and development services; server and embedded processors, semi-custom System-on-Chip products, development services and technology for game consoles. The company also licenses portions of its intellectual property portfolio. The company's segments are: Computing and Graphics, which consists of desktop, notebooks, commercial, and chipsets products; and Enterprise, Embedded and Semi-Custom, which includes server processors, and embedded P\processors products.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Abhinav Davuluri

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