Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now
you are here: HomeNewsTrends

AMD shares soar on Wall Street: Nvidia and Intel cautious

Resurgent AMD will likely cause Intel and Nvidia quite a few problems.

January 31, 2019 / 08:58 PM IST

AMD is one of the few tech companies to have posted positive earnings results on on Wall Street. The American chip-maker withstood challenging situations including the cooling of a once-hot cryptocurrency market, deteriorating macroeconomic conditions and the slowing economy in China.

Shares of AMD sky-rocketed as the company's fourth-quarter revenues rose by 6% to $1.42 billion as against same quarter previous year. This sharp rise came at a time when Nvidia’s CEO Jensen Huang cautioned towards a disappointing and challenging Q4, before its fourth quarter and fiscal year 2018 financial results are announced.

Substantial increase in revenue and net income
Although, the chipmaker's Q4 revenue of $1.42 billion missed Wall Street’s $1.44 billion estimation by a small margin, AMD’s annual 2018 financial results reported $6.48 billion in revenue and $337 million net income. The numbers were a substantial increase over its previous year’s figures which showed a total $5.3 billion in revenue and $33 million in net income.


Impressive APUs, GPUs and CPUs incomingMuch of this rise in growth can be attributed to AMD’s Ryzen chip benchmarks. AMD’s Ryzen series CPUs and APUs deliver an unmatched price-to-performance ratio that Intel is failing to keep up with. On the GPU front, Vega VII showcases pretty impressive benchmarks and the rumoured Navi chips which are expected to deliver remarkable performance at an affordable price. AMD is also rumoured to provide hardware for the next generation Xbox and PS4.