TMTB: AMD First take
AMD -2% Overall revs better but Datacenter missed (Gaming + Client better). GM and EPS in line
Q1 rev. $6.8B to $7.4B, est. $7.04B, midpoint of $7.1B slightly better than street/bogeys
Expectations were low but main story here is Datacenter and investors won’t like the weakness there despite Gaming/Client coming in above. Expects were pretty low however so not sure this changes much in bulls or bears minds. No mention of 2025 GPU forecasts.
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