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AMD Announces 307% Increase in Q3 Earnings
- fizixer 9y agoSo are machine learning framework developers going to stop being so subservient to CUDA and start supporting OpenCL now?
- hedgehog 9y agoI would give the framework developers some credit, they shipped and the field made a lot of progress on their tools. Getting good performance out of GPUs (CUDA or OpenCL) is quite difficult, cuDNN has historically been the only good low-level deep learning library, and NVIDIA makes great hardware. My company is building a fully open source low-level framework called PlaidML bringing OpenCL support and other benefits to the existing frameworks. We're starting with Keras, first code was posted last Friday: https://github.com/plaidml/plaidml https://github.com/plaidml/plaidml
- dingdingdang 9y agoAnd additionally they made Intel up their game - honestly appreciate that!
- yayana 9y agoI really hope Intel doesn't fix it's game before AMD and Arm seriously sandwich them out of the consumer market. 5 years of decline in PC/x86 sales.. Intentionally terrible product lines of a monopoly not wanting to canabalize any higher pricing potential. Insubstantial profits available if they ever get their mobile chips on track after some terrible attempts. CPUs based on cheery forecasts of the high 5 years ago should be hitting the end of their pipelines.. A Microsoft that isn't reaĺly sure if/why it still does desktops. As someone who has been more occupied with Arm CPUs, I wonder what someone who was paying more attention to Intel would notice and I look forward to being able to scale up straight from Arm64 to genuine AMD64.
- Lramseyer 9y agoI hope Intel does step up their game, but assuming that there's healthy competition with good ARM and AMD chips. Competition is good for the consumer. But I also want to see ARM based laptops from both Microsoft and Apple (Though Intel has Apple by the ears with Thunderbolt until USB 3.2 becomes a viable alternative on the low end.)
- digi_owl 9y agoDunno about Apple, but i find it unlikely from Microsoft. They have tried again and again to go beyond x86, only to find that they can't escape the weight of win32. Our best bet would have been ChromeOS, as it is a platform with no legacy to deal with. But even there new models are now Intel based rather than ARM.
- dagw 9y agoRemember that Microsoft made a big bet on ARM based tablet/laptops only a few years ago. It was a massive failure and cost them hundreds of millions of dollars in write offs. I can't see them being very excited to try again.
- jseliger 9y ago5 years of decline in PC/x86 sales.. Intentionally terrible product lines of a monopoly not wanting to canabalize any higher pricing potential. I see why. I had a three-year-old Retina iMac that was a nightmare to set up (https://jakeseliger.com/2015/01/01/5k-retina-imac-and-mac-os-x-yosemite-thoughts/ https://jakeseliger.com/2015/01/01/5k-retina-imac-and-mac-os...) and now have a current-gen Retina iMac that was easy to set up, which is a great improvement, but the day-to-day performance increases are small. The screen is better but not by much. The GPU is apparently much better but little that I do is GPU constrained. Laptops have gotten lighter, at least.
- agumonkey 9y agoWhat about battery ? it seems that the norm is 8h of usage. I guess most efforts were in CPU power reduction.
- deleted 9y ago[deleted]
- gruez 9y agowhat's up with the article title? AMD says its going to see a big drop in revenue, shares sink (AMD) It seems to have an anti-amd bias.
- deleted 9y ago[deleted]
- TacticalTable 9y agoIt's 100% factually accurate. After hours trading is down 10%, and drops in revenue were announced. How was it biased?
- akvadrako 9y agoWell AMD has a cyclical business, and a Q3 to Q4 drop is always expected. But Q3 outperformed and Q4 guidance was raised, while both are massive increases from last year. Simplifying an announcement that exceeds expectations and raises revenue trends to "a drop in revenue" is absurd.
- baazaar 9y agohttp://www.nasdaq.com/article/advanced-micro-devices-inc-announces-307-increase-in-q3-earnings-20171024-01609 http://www.nasdaq.com/article/advanced-micro-devices-inc-ann...
- anjc 9y agoArticle with figures: http://markets.businessinsider.com/news/stocks/Advanced-Micro-Devices-Inc-Announces-307-Increase-In-Q3-Earnings-1005488192 http://markets.businessinsider.com/news/stocks/Advanced-Micr... 110m profit vs 27m, year on year for the quarter. Revenue is up 27% over the same period
- twistedanimator 9y agoI don't understand why this good news translates into the stock being down over 12% after hours.
- tyingq 9y agoBecause AMD also said this: "For the fourth quarter of 2017, AMD expects revenue to decrease approximately 15 percent sequentially"
- brokentone 9y agoThe market is all about growth -- they're projecting a pullback next quarter. It's also already priced in -- they're about 200% last year's price ($7.50). Investors already expected this news, they only beat estimates by a little.
- partiallypro 9y agoMarkets overreact, especially when there are weak hands that were looking for an earnings pop. I wouldn't be surprised to see it only close down 6% tomorrow. IMO their guidance was playing it safe, and they will outperform it. They've done that the past few quarters. It's also a sequential decline, not YoY.
- inetknght 9y agoPeople in the stock market care more about short term gains than long term ones.
- freedomben 9y agoThere are definitely some people that care about short term gains, but there are plenty that are in it for the long term. Virtually everybody with a 401k or mutual fund is in it for long term gains, and I would imagine the amount of people in that basket far exceeds the number of day traders.
- JamesNK 9y agoA stock price doesn't reflect how profitable you are today, it reflects how profitable you'll be tomorrow.
- shmerl 9y agoVega had a bumpy start. Rather limited availability, lack of custom design models and etc. I'm still waiting for Sapphire to make one.
- sandworm101 9y agoSome of that is my cash. I bought into ryzen recently, breaking from a decade of intel on all my home machines. The chip is working. It is very fast. Maybe I'd get a few more fps from intel, but not at the same price.
- _sy_ 9y agosame. TR 1950X over here.
- Skunkleton 9y agoWhat OS are you running on it, and how has your stability been?
- loeg 9y ago(Not OP.) FreeBSD has been rock solid on 1950x for me. I've attempted to reproduce the "kill ryzen" reliability problem reported on some of the desktop CPUs and been unable to.
- AndrewDavis 9y agoIs there support for Bhyve?
- loeg 9y agoYep.
- Derbasti 9y ago(not OP) I run OpenSuse 42.3 and it works flawlessly.
- _sy_ 9y agoUbuntu 17.10. Also running a Nvidia 1080 Ti. Everything is liquid cooled. Works like a charm
- 9y ago
- jonathankoren 9y agoCan someone please update the headline, or update the link? They're out of sync. Alternate link: http://markets.businessinsider.com/news/stocks/Advanced-Micro-Devices-Inc-Announces-307-Increase-In-Q3-Earnings-1005488192 http://markets.businessinsider.com/news/stocks/Advanced-Micr...
- rdlecler1 9y agoI really don’t understand the negative market sentiment on expectations of future cashflow. AMD has been building compelling GPU and CPU chips and this is a rising tide market driven by new solutions to longstanding problems (AI/robotics/driverless cars/drug prediction/VR/AR/big data). These technologies will applied to every industry on the planet including huge industries like agriculture that are today the least digitized of all major industries. Exponential growth in IoT devices and AI2AI interactions will generate tremendous amounts of data as well as the meta data that sits on top of that. Then there is bitcoin. I think people are massively underestimating the TAM. This era will require massive new computing power and especially for big data centers it makes sense to diversify your supplier. It’s a rising tide that will be much higher than AMDs last high watermark. AMD is a measly $10b company, compared to NVIDIA ($110b) and Intel ($160b). A 10% move by NVIDIA exceeds AMDs entire market cap. Would love to hear some counter opinions on this. Disclaimer: I own both NVIDIA and AMD.
- grigjd3 9y agoAMD isn't in nearly the same breadth of markets as nvidia. Some examples: automotive, super computing (which they dominate due to CUDA), and game streaming services. Also, AMD's driver support on Linux platforms has historically been pretty weak and often broken, further limiting any consideration of uses outside of gaming.
- Zarath 9y agoCan confirm. Dealing with AMD drivers made me switch to Windows.
- phkahler 9y agoThey've recently been trying to share a lot of code between windows and linux drivers. That should help them stay closer to parity.
- AndrewDavis 9y agoInside of gaming, AMD's open source AMDGPU driver+MESA outperforms similar priced Nvidia cards with their closed stack. I find it odd that AMD can get the drivers right for gaming but that's about it.
- xchaotic 9y agoIf the earnings bump is really driven by the Threadripper CPUs, then earnings mean very little as AMD cost are much higher due to much larger die and lower yields. For every $100 worth of CPU sold, Intel is making orders of magnitude more profit.
- loeg 9y agoThreadripper is a multi-chip module composed of two Zeppelyn dies (the same 8-core die used in the desktop part). There is no larger die or lower yield problem. This is the whole value proposition of the Zen microarchitecture — high yields, low per-CPU costs, typical MCM drawbacks (high interdie latencies, duplicated functional blocks, etc).
- bratao 9y agoI´m very excited for upcoming AMD EPYC enabled dedicated servers and what it means for the market. The number of cores and memory channels is unmatchable by Intel
- syshax 9y agoAnd PCIe lanes.
- lawrenceyan 9y agoThis is a misleading title, and the poster has a clearly biased stake in AMD. Hopefully no one made any rash decisions to buy stock because of this post, as of trading day close, AMD is down 12%.
- KSS42 9y agoI am curious how do you know that the poster has a clearly biased stake in AMD? Business Insider did have an article with that exact title. The results were announced after hours and the stock had already dropped before this posting.
- lawrenceyan 9y agoClick the article link. What does the title say?
- sangnoir 9y agoThe correct question is: What did the title say at the time of submission?
- lawrenceyan 9y agoNo, the reason why I asked you to look at the title and see that the title had been changed is to understand the fact that the original title "AMD Announces 307% Increase in Q3 Earnings" was misleading. If it was a good summarization of the news, why then, did the author change it? Because it's fundamentally flawed. Yes, AMD did see a significant increase in earnings, but the profit was far below expectations. Additionally, AMD during their investor statement lowered their guidance for Q4 profitability by over 10%. Do you see how such a title might be misleading?
- akvadrako 9y agoWhat? This was posted (to HN) after trading closed.
- senatorobama 9y agoLet's see what they do with 60G WiFi.
- kopos 9y agoAMD vs NVidia novice here. My untested understanding has been that even though AMD is performance-to-dollar higher performance than nVidia, it is plagued by not having a stellar software support that nVidia enjoys either via CUDA and consequently to cudaNN, software drivers not as fully compatible with games as is nVidia. AMD has OpenCL but I understand that most vendors / users are not exactly great supporters for OpenCL. Since the hardware is just the trojan for software and nVidia has solved that problem, will not having the s/w support be a great factor for AMD not getting the same value as nVidia? Unless AMD puts in great effort to get its software game as good as its hardware, is it still DoA?
- nhaehnle 9y ago(Disclaimer: I work on AMD's Mesa driver) There's also ROCm, which is AMD's attempt at an answer to CUDA. It's hard to unseat the incumbent just because it's always hard to get people to change their software environment, but I think we're getting there.
- kopos 9y agoThank you. This is the first time I heard about ROCm. I sincerely wish that ROCm adoption takes off - been a AMD / ATI fanboy - so have been wanting to see AMD make a great dent. Any numbers / etc to get more info on adoption of ROCm? Are there any specific usecases where ROCm well suited / performs on par / or above par cuda?
- mikkelam 9y agoI wonder how much of this is due the huge demand for AMD GPUs for mining cryptocurrency coins