AMD Stock ( NASDAQ:AMD )
Tomorrow after the bell, Advanced Micro Devices , Inc. ( NASDAQ:AMD ) will tell us how they did in the fourth quarter of their fiscal year. The current recession has hurt semiconductor companies all over the world, and investors are eagerly waiting for AMD’s next earnings report to see how its sales are affected by the recession. But investors may also want to keep an eye on AMD’s purchase obligations, inventory levels, segment financials, and the company’s management’s outlook for the coming year. These things will make it clearer that the chipmaker is in muddy waters and may have an effect on where its shares go next.
Key Performance Indicators
First of all, I want to say that high inflation and rising interest rates have made it harder for people to buy computers. Gartner and Canalys, two different research firms, both came to the same conclusion that PC sales dropped in the fourth quarter of CY22. So, even though AMD has been gaining market share at the expense of Intel Corporation ( NASDAQ:INTC ) and Nvidia Corporation ( NASDAQ:NVDA ), it’s likely that these gains won’t be enough to make up for the weak demand for PCs across the industry this time.
All we know is that AMD could fall victim to these macroeconomic headwinds and have trouble making money for at least a quarter or two. We can get more information about this ongoing change by looking at how much AMD has in stock. A sharp rise in the chipmaker’s inventory number would mean that its managers misjudged the demand for computing products, overstocked on inventory, and may now have to write off some of that inventory.
But it would be best if AMD’s inventory levels went down or stayed the same over time. This would ...
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