AMD Stocks Rose amid Strong Q4 2022 Earnings Results

On Tuesday, AMD unveiled a strong financial report for the fourth quarter of 2022, pushing its stocks higher. These gains are expected to improve in the second half, motivating investors who saw it rising against its rival Intel.

Advanced Micro Devices’ share prices ended higher on January 31 by 3.73% to $75.15 apiece. Also, it is anticipated to increase further by 1.41% to $76.21 in the upcoming session.

The chip maker’s EPS in the fourth quarter jumped to $0.69, above the market estimates of $0.67. This latest reading is higher than the previous record of $0.67.

Likewise, its sales revenue edged up to $5.60 billion, surpassing the analysts’ projections of $5.52 billion. This fresh data exceeded the precursory reading of $5.57 billion.

During the earnings call, executives attributed the firm’s beat to robust growth in its embedded and data center businesses.

The data center of AMD ameliorated by 42.00% year-over-year to $1.70 billion. It offset a 51.00% drop in revenue of the client segment that includes computers at $903.00 million. Also, its embedded segment rose by 1,868.00% amid strong sales from its purchase of Xilinx.

GPU Driver of AMD on Linux will Improve

Furthermore, the AMD GPU drive on Linux and Steam Deck would get a massive improvement against its stuttering problems.

One of the biggest issues is the shader compile stutter, where players enter a game the first time and see it faltering all over the place.

In November 2022, the DXVK 2.0 was released to work around it and is ongoing in the AMD GPU driver RADV to make use of what is needed.

Later this year, the Mesa 23.1 is anticipated to unveil, wherein the use of the noted Vulkan extension will return by default. Meanwhile, Steam Deck players are expecting the release of SteamOS 3.5.

User Review
0 (0 votes)


Leave a Reply