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>AMD forecast third quarter gross profit margin at 54%, slightly below estimates for 54.2%. >AMD's warning comes after rival Intel Intel previously told invest
by jdhn 4y ago
>AMD forecast third quarter gross profit margin at 54%, slightly below estimates for 54.2%.
>AMD's warning comes after rival Intel Intel previously told investors it expects the total addressable market for PCs this year to plunge 10% amid a shocking second quarter earnings miss and full year cut to earnings guidance.
It seems to me that sales are reverting to a pre-pandemic state, which isn't the end of the world?
- d_tr 4y agoWho would click the link if the title was "People bought a shitload of computers during the lockdowns and now they do not need a lot of them"? I surely wouldn't...
- ChildOfChaos 4y agoSeems to be how the market runs though. The market doesn't care about common sense. If a strange event happens that then gives a massive upturn in a companies sales/profits then after a few years things return back to normal so therefore the companies sales/profits drop, all the finance bro's panic and think the company is in some kinda massive decline and must do something to continue endless growth.