Latest news with #Instinct
Business Insider
6 days ago
- Business
- Business Insider
‘Hurdle Cleared for Now,' Says Analyst After AMD's Mixed Q2 Earnings
TD Cowen analyst Joshua Buchalter reiterated his 'Buy' rating on Advanced Micro Devices (AMD) stock and raised the price target to $195 (from $165), implying 11.9% upside potential from current levels. AMD stock is trending down 6.2% in pre-market trading at the time of writing, as the chipmaker reported mixed second-quarter results yesterday. Buchalter is encouraged by AMD's beat-and-raise results and believes the hurdle is cleared for now, with attention turning to continued execution going forward. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. AMD's revenue rose 32% year-over-year to $7.69 billion, beating consensus estimates, while adjusted earnings of $0.48 per share were in line with expectations. Importantly, AMD raised its Q3 revenue guidance to roughly $8.7 billion (+/-$300 million), well above the consensus expectation of about $8.3 billion. Also, the adjusted gross margin is expected to be approximately 54%, assuming no contribution from MI308 shipments to China. Why Is TD Cowen Bullish About AMD? Buchalter highlighted the strength in AMD's CPU (central processing unit) and Gaming segments, despite zero contribution from MI308. He noted that the largest contributor to AMD's Q3 growth is the Instinct franchise, as the company seeks to ramp up production of the MI355 chips in the second half of 2025. AMD's Q3 performance will also prove its competitiveness ahead of the MI400/Helios launch in 2026. Regarding the resumption of MI308 sales to China, AMD mentioned that the U.S. government is reviewing its export applications and, therefore, has not included any China sales in its Q3 guidance. Buchalter believes AMD's management will prioritize MI355 chips over MI308 in the near term. The analyst expects AMD to maintain growth in server CPUs driven by solid demand for artificial intelligence (AI) applications. Moreover, the cloud and enterprise segments are projected to show consistent growth, while the Client segment is expected to experience modest growth. Meanwhile, Buchalter expects higher operating expenses due to research and development and AI initiatives, which may weigh on AMD's near-term earnings potential. Is AMD a Good Stock to Buy Now? Analysts remain divided on AMD's long-term outlook. On TipRanks, AMD stock has a Moderate Buy consensus rating based on 24 Buys, 10 Holds, and one Sell rating. The average AMD price target of $158.57 implies 9% downside potential from current levels. Year-to-date, AMD stock has gained 44.3%. Please note that most of these ratings were given before AMD's Q2 earnings report and may change once analysts review their recommendations.
Time of India
05-08-2025
- Business
- Time of India
AMD stock slips after Q2 profit miss, but AI-driven $8.7 billion Q3 forecast sparks investor hope
AMD dropped its second-quarter report, and while the numbers didn't scream 'perfect,' there was still enough to keep investors interested. The chipmaker, known for taking the fight to rivals like Intel and Nvidia, missed Wall Street's earnings estimate by a whisker. But revenue came in strong, showing that demand across key segments hasn't cooled off. The highlight? AMD's forecast for the upcoming quarter. With demand for AI chips growing rapidly, the company expects a sharp boost in sales. It's also rolling out new AI hardware that could shake up the competition. But at the same time, trade restrictions and export delays still hover over its roadmap, especially in China. AMD revenue beats estimates despite earnings slip For Q2 2025, AMD posted adjusted earnings of 48 cents per share, just under the expected 49 cents. Revenue, though, stood tall at $7.7 billion, beating the $7.4 billion forecast. Year-over-year, that's a 32% rise, driven by solid growth in personal computing and gaming. 🚨 $AMD Q2 Earnings 🚨• Sales $7.7B vs Est. $7.4B• EPS $0.48 vs. Est. $0.48• Data Center Sales $3.2B -- up 14% YoY• Gross Margin 43% vs. Est. 54%Q3 Outlook• Sales $8.7B vs Est. $8.3BAMD says U.S. export controls led to $800M in inventory charges -- gross margin… The company's net income reached $872 million, up from $265 million in the same quarter last year. However, profit was impacted by the lingering effect of U.S. export restrictions, especially around its MI308 AI chips. AMD AI forecast shines a light on Q3 AMD expects to bring in around $8.7 billion in revenue for Q3, give or take $300 million. That's more than what analysts predicted, and it suggests confidence in its next-gen AI chips. CEO Lisa Su pointed to the rollout of the Instinct MI350 series, which AMD claims can rival Nvidia's Blackwell chips in both training and inference. 'Seven of the top ten AI companies are now using Instinct,' Su told analysts during the earnings call. That's a big step up for AMD, especially as firms like Meta and OpenAI look for alternatives to Nvidia's more expensive chips. China export ban: A costly delay for AMD One of the biggest challenges AMD faced this year was the temporary U.S. ban on exporting its MI308 AI chips to China. That move cost the company roughly $800 million in lost revenue and led to an operating loss of $155 million last quarter. Although the Trump administration has now relaxed those restrictions, AMD is still waiting for final clearance to resume shipments. AMD has now delivered two consecutive quarters of declining Data Center stock is down 4.7% after hours.$AMD For now, AMD's Q3 forecast does not include revenue from China-bound AI chips. But once sales restart, it could help AMD recover a big chunk of what it lost earlier this year. Gaming and client segments push ahead While AI grabs headlines, AMD's traditional businesses are also pulling their weight. The gaming segment brought in $1.1 billion in revenue, a 73% increase year-over-year, driven by demand for custom console chips and GPUs. The client's business, which includes desktop and laptop CPUs, pulled in $2.5 billion, up 57% from last year. The data centre segment delivered $3.2 billion, a 14% rise, though just shy of analyst forecasts. AMD's Ryzen Zen 5 processors helped boost momentum in the PC space, where the company continues to eat into Intel's market share. AMD is rivalling Nvidia in the AI segment Despite the upbeat forecast, AMD still trails Nvidia by a large margin in the AI chip race. Nvidia remains the go-to for training large models, thanks to its dominant GPUs and widespread developer support. But AMD is slowly building its case, especially in inference, where price and efficiency matter more. $AMD -- THE INFERENCE ENGINE OF AI -- REPORTS 32% YoY GROWTH 🤯 The MI350 series is AMD's answer to Nvidia's GB200 platform. Su says the new chips offer four times the performance and 35 times better inferencing compared to their previous models. If real-world adoption follows, AMD could start closing the gap sooner than expected.
Korea Herald
13-07-2025
- Entertainment
- Korea Herald
FT Island to drop 10th Japanese studio album
FT Island's "Instinct," will be first Japanese studio album in six years FT Island is set to release its 10th full-length Japanese-language album this fall. The new album, "Instinct," will drop on Sept. 17 in Japan, and is the group's first Japanese studio release in nearly six years since "Everlasting" in 2019. The band members announced the news onstage during 'FNC Band Kingdom 2025,' a joint concert featuring FNC Entertainment's bands, on Saturday at Makuhari Event Hall in Chiba prefecture, Japan —drawing loud cheers from fans. According to the band's agency FNC Entertainment, the album title "Instinct" reflects the band's desire to resonate not with logic, but with instinct. The tracks were carefully chosen based on FT Island's musical intuition, offering a portrait of where the band stands today. Further details about the album release will be revealed via FT Island's official Japanese website. Celebrating the band's 18th anniversary this year, the three-piece band remains active both in Korea and abroad, enjoying particular popularity across Asia. On Aug. 23–24, FT Island will hold a solo concert at Blue Square Mastercard Hall in Seoul, before embarking on Asia tour under the same name. The tour will run from September through November, with scheduled stops in Macao, Taipei, Kuala Lumpur and Hong Kong. Meanwhile, drummer Choi Min-hwan, who temporarily halted activities last October due to personal issues, will return to full group promotions. He was recently cleared of allegations involving prostitution and sexual misconduct after a police investigation resulted in no charges.
India.com
04-07-2025
- Business
- India.com
From Mukesh Ambani, Elon Musk, Zuckerberg to Sam Altman use their…, India is ‘super important' market for them, they are….
India is an extremely important market for AMD, with Reliance Jio the country's largest telecom operator among the customers using its graphic processing units (GPUs) in data centres, a senior company official told PTI. It has a workforce of around 8,000 in India and AMD views the country as a critical engineering hub, according to company officials. AMD On Work WIth Mukesh Ambani's Jio Speaking to PTI on the sidelines of the Advancing AI event organised by the company recently, AMD General Manager for Data Center GPU business unit Andrew Dieckman spoke about the work with Jio. 'So we've deployed a fairly significant POC (proof of concept) with them that we're working on. And we are working on some future deployment plans that are yet to be announced in the future,' he said, adding that Jio is an 'important partner' for the company in India. Meta, OpenAI, Tesla Use AMD's Services Earlier, the company's Chief Executive Lisa Su said it is working with top companies, including Meta, OpenAI, Tesla, and Reliance Jio, for powering their AI advancements, and added that many of the customers have been added in the last nine months. About 70 per cent of companies at the top of AI work, including Reliance Jio, are using AMD's 'Instinct' GPUs, she said, displaying a long list of brands. It can be noted that Jio had earlier announced a partnership with AMD's bigger rival Nvidia on building AI infrastructure in the country. The collaboration is aimed at advancing India's capabilities in harnessing the power of AI for various industries and sectors, as per the company. There were media reports last year saying Jio's parent Reliance Industries will be using Nvidia's Blackwell chips for its data center. At the event, Su said her company's offerings are much cheaper than rivals while delivering the same or better computing performance. On perceptions of Nvidia holding the edge when it comes to the GPU market, Dieckman said one company will not define everything that is AI for the entire world and added that it is a very large market that can accommodate multiple winners. 'There will not be one company that will define everything that is AI for the entire world. This is not healthy, and nor will strong companies and strong sovereign nations allow that to happen, because it's just putting all of your eggs in one very specific basket,' he said. AMD is not a 'transactional company' and believes in a very collaborative mindset, he said, pointing out that it has an open ecosystem. Apart from working with Reliance Jio, AMD is also keen on offering its services to the Sovereign AI initiative, he said. 'We are seeking to work very closely with the various large players there (in India) to bring domestic solutions to market and make sure that India is well represented in terms of having your own sovereign AI capabilities. Speaking about AMD's operations in the country, where it employs over 8,000 people, Dieckman said the company has a large footprint in India and the country plays a critical role in its research and development. 'When you look at the growth rate and GDP of India, (it is) super important on market for us. And we are seeking to work very closely with, you know, the various large players there to bring domestic solutions to market and make sure that India is well represented in terms of having your own sovereign AI capabilities,' he said. (With Inputs From PTI)
Time of India
04-07-2025
- Business
- Time of India
India 'super important' market; Reliance Jio using our GPUs: AMD
India is a "super important" market for AMD and the largest telco Reliance Jio is among the customers using the graphic processing units ( GPUs ) in its data centres, a senior official has said. The company, which has around 8,000 employees here, considers India as a key hub from an engineering perspective, officials have said. Speaking to PTI on the sidelines of the Advancing AI event organised by the company recently, AMD General Manager for Data Center GPU business unit Andrew Dieckman spoke about the work with Jio. "So we've deployed a fairly significant POC (proof of concept) with them that we're working on. And we are working on some future deployment plans that are yet to be announced in the future," he said, adding that Jio is an "important partner" for the company in India. Earlier, the company's Chief Executive Lisa Su said it is working with top companies, including Meta, OpenAI, Tesla, and Reliance Jio, for powering their AI advancements, and added that many of the customers have been added in the last nine months. About 70 per cent of companies at the top of AI work, including Reliance Jio, are using AMD's 'Instinct' GPUs, she said, displaying a long list of brands. It can be noted that Jio had earlier announced a partnership with AMD's bigger rival Nvidia on building AI infrastructure in the country. The collaboration is aimed at advancing India's capabilities in harnessing the power of AI for various industries and sectors, as per the company. There were media reports last year saying Jio's parent Reliance Industries will be using Nvidia's Blackwell chips for its data center. At the event, Su said her company's offerings are much cheaper than rivals while delivering the same or better computing performance. On perceptions of Nvidia holding the edge when it comes to the GPU market, Dieckman said one company will not define everything that is AI for the entire world and added that it is a very large market that can accommodate multiple winners. "There will not be one company that will define everything that is AI for the entire world. This is not healthy, and nor will strong companies and strong sovereign nations allow that to happen, because it's just putting all of your eggs in one very specific basket," he said. AMD is not a "transactional company" and believes in a very collaborative mindset, he said, pointing out that it has an open ecosystem. Apart from working with Reliance Jio, AMD is also keen on offering its services to the Sovereign AI initiative, he said. "We are seeking to work very closely with the various large players there (in India) to bring domestic solutions to market and make sure that India is well represented in terms of having your own sovereign AI capabilities. AMD is working with 40 sovereigns or governments across the globe at present, he added. Speaking about AMD's operations in the country, where it employs over 8,000 people, Dieckman said the company has a large footprint in India and the country plays a critical role in its research and development. "When you look at the growth rate and GDP of India, (it is) super important on market for us. And we are seeking to work very closely with, you know, the various large players there to bring domestic solutions to market and make sure that India is well represented in terms of having your own sovereign AI capabilities," he said.
