Amazon Going All in on Generative AI as 'Multi-billion Dollar Business'

Seeking Alpha9minutes ago

AMD's outlook on the AI chip business falls short of expectations, and Nvidia's dominance is still unshakable

Chip manufacturer AMD fell 9.1% after the market, and the company's predictions for artificial intelligence processors disappointed the market. The company expects the MI300 series chips — so-called artificial intelligence accelerators — to generate around $4 billion in revenue this year, which is higher than the previous forecast of $3.5 billion, but the highest expectation from some analysts is $8 billion. AMD is seen as Nvidia's main competitor in the accelerator market, and the company is working to close the gap with the former. CEO Su Zifeng said in a conference call that one of the challenges facing the company is how to produce enough chips to meet demand

Zhitong Finance20minutes ago

Changes in US stocks | AMD fell nearly 7% after the market, and the annual sales volume of AI accelerator chips was only $4 billion after the increase, far lower than Nvidia

Glonghui May 1 | AMD fell nearly 7% after the market. AMD's revenue for the first fiscal quarter was 5.5 billion US dollars, analysts' expected revenue of 5.45 billion US dollars; adjusted earnings for the first fiscal quarter were 0.62 US dollars, analysts expected $0.61 billion; R&D expenditure for the first fiscal quarter was 1.53 billion US dollars, analysts expected $1.5 billion; adjusted operating income for the first fiscal quarter was 1.13 billion US dollars, and analysts expected $118.4 million; adjusted operating margin for the first fiscal quarter was 21%, analysts' expected revenue of 20.8%; expected revenue for the second fiscal quarter

Gelonghui Finance27minutes ago

Amazon's Q1 earnings report fully exceeded expectations: strong growth in advertising and cloud businesses will continue to invest in AI on a large scale

① Amazon's revenue for the first quarter was US$143.31 billion, and the market is expected to be US$142.47 billion; ② Capital expenditure will “increase meaningfully” in 2024, mainly to support the growth of AWS, including generative artificial intelligence.

cls.cn30minutes ago

Changes in US stocks | Amazon once rose more than 6% after the market, and net sales for the first fiscal quarter were higher than expected

Glonghui, May 1 | Amazon rose more than 6% after the market, but has now narrowed to less than 2%. Amazon's net sales for the first fiscal quarter were US$143.31 billion, with analysts' expectations of US$142.59 billion; net sales of AWS of US$25.04 billion for the first fiscal quarter, with analysts' expectations of US$24.11 billion; operating profit margin for the first fiscal quarter of 10.7%, and analysts' expectations of 7.63%; estimated net sales for the second fiscal quarter of US$144 billion to US$149 billion, with analysts expecting US$15.21 billion; and operating profit of US$10 billion to US$14 billion for the second fiscal quarter.

Gelonghui Finance42minutes ago

At the beginning of the Asia-Pacific session on Wednesday, Nasdaq 100 futures fell 0.4%, S&P 500 futures fell more than 0.2%, and Dow futures fell less than 0.1%. Currently, AMD is down more than 7%, TSMC is down 2.3%, Nvidia is down 2.1%, Micron Technolo

At the beginning of the Asia-Pacific session on Wednesday, Nasdaq 100 futures fell 0.4%, S&P 500 futures fell more than 0.2%, and Dow futures fell less than 0.1%. Currently, AMD is down more than 7%, TSMC is down 2.3%, Nvidia is down 2.1%, Micron Technology, Tesla, and NXP has fallen more than 1.9%, C3.ai, Intel, and Palantir have fallen more than 0.9%, while Google A has risen 0.14%.

Zhitong Finance48minutes ago