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Is it really due to the report? The slide seems to have started after the quarterly reports on October 24th. Now with the continuing slide, it seems news writer
by thisisit 9y ago
Is it really due to the report? The slide seems to have started after the quarterly reports on October 24th. Now with the continuing slide, it seems news writers are trying to attribute a particular reason.
Here's the Q&A which happened during the call:
Joseph L. Moore - Morgan Stanley & Co. LLC:
Great. Thank you. I was interested in your comments that the sequential growth in the Computing and Graphics business was driven primarily by graphics. How literally should we take that? And I guess, if graphics is up close to $150 million sequentially, is that business now on par with the CPU business? Can you just give us a general sense of the size of the two businesses there in that segment?
Dr. Lisa T. Su - Advanced Micro Devices, Inc. :
Yeah. So overall, the growth in Computing and Graphics, when you look over the past few quarters has been very strong. And we've seen growth both on the Ryzen side, particularly in the desktop side of the business as well as on the graphics side. So in terms of size of the business, again, I think we stated in the prepared remarks that the GPU business had a record quarter for us and we're seeing very strong growth.
We're seeing strong growth as a result of the new product launches. So the Vega product actually did very well for us in the quarter as well as overall Polaris in both gaming and blockchain markets. But yes, we're pleased with the graphics performance. But I'll also say Ryzen did very well in the quarter. We look at the progress that we're making in the desktop channel when you look across retailers and e-tailers across the world. And in the Ryzen 5 and Ryzen 7 segment, we're seeing significant share gain in those parts of the business. So I think both parts of the Computing and Graphics business are doing well. And we continue to expect growth as we go forward.
Joseph L. Moore - Morgan Stanley & Co. LLC:
And is it possible to size the blockchain portion of that?
Dr. Lisa T. Su - Advanced Micro Devices, Inc. :
I think the blockchain tends to be, again, it's hard to separate because it goes through some of the same channels as gaming does. I will say that blockchain sort of behaved as we expected in Q3. So we didn't see anything that we didn't expect. We did see some benefit of channel restocking. So if you look at our channel inventories today compared to July, we had healthier channel inventory levels. And we expect that consumer blockchain will level off a bit as we go into Q4. But there's also commercial blockchain component that we believe is interesting and likely to continue into the medium term. As we look into Q4, though, we also see growth from just the OEM side of the GPU business as we start ramping Vega into OEMs.
So the part in question is this:
> And we expect that consumer blockchain will level off a bit as we go into Q4.
- mtgx 9y agoI think post-Ryzen launch a lot of speculators jumped on the AMD stock bandwagon. The majority of speculators tend to jump on board when they see some "hockey stick growth" for a stock, and then jump off in group the moment there's some moderately negative news about the company/stock, because they don't understand the fundamentals, so they want to play it safe. AMD is doing very well and its chips are only going to become more and more competitive with Intel's. That's all you need to know really. The market is irrational, so it's best to ignore it. I don't know why all the tech writers are making such a big deal out of this. They should stick to chip reviews.
- bdpete 9y agoMarkets are not rational. A stock that has gone from $2 to $15 in a relatively short time can be expected to have major fluctuations- a decline of 20%, but it is still 500% of what it was two years ago. Is the right price 500% or 700% of the low? From that perspective, for a company with no recent earnings record, who's to say?