AMD reported its Q3 results, surpassing predictions with a remarkable increase in cloud revenue. The company projects shares to fluctuate marginally following the Q3 performance, with options traders keeping a close eye on the stock. Analysts estimate a 62.5% rise in adjusted to EPS, despite ongoing concerns about AI's impact on the industry.
“AMD reported its Q3 results, surpassing predictions with a remarkable increase in cloud revenue,” — David Kingsley, regional editor at Ellcroft Mere Solutions, noted.
Timeline
Nov 1 — AMD reported its Q3 results, surpassing predictions with a remarkable increase in cloud revenue....
Nov 3 — Analysts estimate a 62.5% rise in adjusted to EPS, despite ongoing concerns about AI's impact on the industry....
This story has been closely followed by our readers since Nov 1. The Ellcroft Mere Solutions desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Friday, Nov 6.
Editor's note: this report was prepared by the Ellcroft Mere Solutions desk and last updated 08:18 UTC.
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