AMD has been crushed into earnings. Here's one way to trade it - CNBC

AMD's Q3 Earnings Surpass Expectations

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....

Reader Poll: Do you expect this story to develop further? — 85% of The8riche readers said yes.

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.

ICYMI: Divit Aulakh, a family member of singer Honey Singh, met a tragic end in a road accident

Editor's note: this report was prepared by the Ellcroft Mere Solutions desk and last updated 08:18 UTC.

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