Advanced Micro Devices on Thursday forecast first-quarter revenue below Wall Street estimates on fears of fewer orders due to worsening PC demand and slowing data center market.AMD's forecast mirrored Intel's gloomy outlook for the PC market, which, according to Intel Chief Executive Pat Gelsinger, is see
Advanced Micro Devices on Thursday forecast first-quarter revenue below Wall Street estimates on fears of fewer orders due to worsening PC demand and slowing data center market.
PC shipments fell 16.5 per cent to 292.3 million units in 2022, according to data from research firm IDC. This decline led chipmakers to slash revenue forecasts, triggering a sell-off in chip stocks. AMD's stock fell 55 per cent last year, underperforming the Philadelphia SE Semiconductor index during an industry downturn.
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AMD beats Q4 rev expectations on data center growth:U.S. chipmaker Advanced Micro Devices on Tuesday beat Wall Street expectations for quarterly revenue, helped by growth in its data center business even as it forecast sales below estimates in the current quarter.AMD shares rose 3 per cent after hours. They closed up 3.7 per cent on Tuesday.'Although t
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Biden says will discuss Ukraine weapon requests with ZelenskyyWASHINGTON: US President Joe Biden said on Tuesday (Jan 31) that he will be discussing Ukraine's latest requests for advanced weaponry to defend against Russia with President Volodymyr Zelenskyy. 'We're going to talk,' Biden told reporters, speaking the morning after he answered with an emphat
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Flying First Class should be at business endRace 1 (1,600m) (2) PRAIRIE FALCON tends to give a start but if she jumps on terms, she could be involved in the finish. (1) DESTINY OF SOULS is maturing now and could challenge. (3) DUKE OF RAIN lost his rider last time and must be in with a winning...
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Blinken discusses Middle East tensions with Egypt’s Sisi on first leg of tourThe US’ top diplomat is in the region amid an escalation of violence between Israel and the Palestinians. Read more at straitstimes.com.
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Brazillian DJ accidentally fires confetti cannon at her own face, suffers first degree burnsKUALA LUMPUR, Jan 30 — A Brazilian DJ literally partied her own face off when she fired a confetti cannon at herself dur...
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Twitter makes first interest payment on Musk buyout debt - Bloomberg News:Twitter Inc has made its first interest payment under Elon Musk after the billionaire took the social media company private last year using about $12.5 billion of debt, Bloomberg News reported on Monday, citing people with knowledge of the matter.Twitter paid a group of seven banks, led by Morgan Stanley, wh
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