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Technology Stocks : Semi Equipment Analysis

SOXX 283.58

+0.3%

Nov 25 4:00 PM EST

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To: Return to Sender who wrote (85387)

7/28/2020 4:24:10 PM

From: Sam

2 Recommendations

Recommended By
oldbeachlvr
Return to Sender

of 95471

AMD flying after giving results slightly above estimates and issuing guidance well above estimates. Well over $72 at the moment, but flying around. Now over 72.80.

EDIT: Before I could even save this, it is over $73 at 73.20. It closed at 67.61.

AMD forecasts current-quarter sales above estimates
REUTERS 4:18 PM ET 7/28/2020

Symbol Last Price Change

AMD	67.61	-1.36 (-1.97%)
QUOTES AS OF 04:00:00 PM ET 07/28/2020

July 28 (Reuters) - Advanced Micro Devices Inc(AMD) on Tuesday forecast current-quarter revenue above Wall Street expectations, driven by a surge in chip demand from data-center operators and PC makers scrambling to meet coronavirus-induced remote work needs.

The company expects third-quarter revenue to be about $2.55 billion, plus or minus $100 million, compared to analysts' average estimate of $2.32 billion, according to IBES data from Refinitiv. (Reporting by Munsif Vengattil in Bengaluru and Stephen Nellis in San Francisco; Editing by Sriraj Kalluvila and Maju Samuel)

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