"Live Coverage Updates appear automatically as they are published. Live Updates Markets are mixed yet again. The S&P 500 is up about 0.17%, or by 11.75 points. The SPDR S&P 500 ETF ( SPY) is up fractionally. The Dow is up 0.26%, or by 140 points, as the Nasdaq slips 0.24%, or by 62. Advanced Micro Devices Drops 10% Not helping, Advanced Micro Devices ( NASDAQ: AMD) is down 10%, or by $25 a share."
"In the fourth quarter, AMD posted revenue of $10.27 billion, which was above estimates of $9.67 billion. Data Center revenue was up 39% year-over-year to $5.4 billion, thanks to its MI300 AI accelerator and its Instinct and EPYC processors. Analysts were anticipating $4.97 billion in Data Center revenue. Moving forward, AMD said it expects first-quarter sales to be between $9.5 billion and $10.1 billion, with the mid-point of $9.8 billion, which is above the $9.39 billion estimate."
"Helping, analysts at Barclays reiterated an overweight rating on AMD, noting that the company is gaining share in PC and Server with a "a call option on AI with significant potential spend from OAI [Open AI] and other customers," as quoted by CNBC. Pay close attention to AMD. Weakness here may be an opportunity soon. Gold and Silver Regaining Momentum Gold is back above $5,000 at $5,052. Silver is back to $91.18."
Markets showed mixed performance with the S&P 500 and Dow up modestly while the Nasdaq slipped. AMD shares fell about 10% after first-quarter guidance disappointed some analysts despite fourth-quarter revenue of $10.27 billion. Data Center revenue rose 39% year over year to $5.4 billion driven by MI300 accelerators and Instinct and EPYC processors, beating expectations. AMD forecasted first-quarter sales between $9.5 billion and $10.1 billion with a $9.8 billion midpoint. Barclays reiterated an overweight rating and highlighted AMD's share gains and AI opportunity. Gold rose above $5,000 and silver returned to $91.18 with major banks recommending purchases.
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