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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (87547)

10/26/2021 5:44:05 PM

From: Sam

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AMD Posts Blockbuster Earnings and Record Revenue -- Barrons.com
DOW JONES & COMPANY, INC. 5:16 PM ET 10/26/2021

Symbol Last Price Change

AMD	122.93	+0.57 (+0.4658%)
INTC	48.28	-1.13 (-2.287%)
QUOTES AS OF 04:00:00 PM ET 10/26/2021

Connor Smith

Following four straight record closes, Advanced Micro Devices(AMD) stock could be poised for further gains after the chipmaker's third-quarter earnings results crushed expectations.

AMD reported non-GAAP net income of $893 million, or 73 cents a share for the quarter. Revenue jumped 54% year over year to a record $4.31 billion. Wall Street's consensus estimate called for earnings of 66 cents a share and revenue of $4.11 billion, according to FactSet.

"Our business significantly accelerated in 2021, growing faster than the market based on our leadership products and consistent execution," CEO Lisa Su said in the earnings release.

AMD stock was up 0.1% to $122.93 in after-hours trading. Shares have risen about 34% in 2021 and nearly 56% from their levels a year ago. AMD's shares rose last week after rival Intel(INTC) reported weaker-than-expected sales for its latest quarter. Piper Sandler analyst Harsh Kumar said last week that negative trends driving Intel(INTC) stock's decline were mostly company-specific. In fact, signs of strength in the high-end PC market were positive for AMD.

For the fourth quarter, the company expects revenue to be between $4.4 billion and $4.6 billion. The lower end of that range was still ahead of consensus estimates at $4.25 billion, according to FactSet. The company expects growth in all its businesses to close out the year, with higher server and semi-custom revenue driving quarter-over-quarter revenue growth of 4%.

The company's earnings call was scheduled for 5 p.m. ET.

Write to Connor Smith at connor.smith@barrons.com

To: Return to Sender who wrote (87547)

10/27/2021 7:04:30 PM

From: Return to Sender

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10 New 52 Week Highs on the NDX Today and No New 52 Week Lows:

New Highs:

Mon	Tues	Wed
ADI	ADI	ADP
ADP	ADP	AMD
AMD	AMD	AVGO
AVGO	AVGO	CSX
CDNS	CDNS	GOOGL
COST	CPRT	INTU
CPRT	CRWD	LULU
CSX	CTAS	MSFT
CTAS	EXC	WDAY
EXC	INTU	XLNX
FAST	MRVL
INTU	MSFT
NFLX	NFLX
NVDA	NVDA
TEAM	TEAM
TSLA	TSLA
TXN	WDAY
XLNX	XLNX