Advanced Micro Devices, Inc (NASDAQ:AMD) stock traded higher Thursday in sympathy with Nvidia Corp (NASDAQ:NVDA) after the latter’s upbeat quarterly results and guidance.
Nvidia reported fourth-quarter revenue of $22.10 billion, up 265% year-over-year, above the Street estimate of $20.62 billion. The adjusted EPS of $5.16 beat the Street consensus estimate of $4.64.
Also Read: Analysts Eye AMD and Nvidia’s AI Rivalry: Who Leads the Tech Race?
Nvidia expects its first-quarter revenue of $24.0 billion, plus or minus 2%, above the Street consensus estimate of $22.16 billion.
Analysts consider AMD as the second most vital artificial intelligence beneficiary after Nvidia.
Meanwhile, …
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