AMD beats projections during revenue and earnings report, states sales will grow at least 31% in 2022

  • AMD reported their fourth quarter earnings on Tuesday after the final bell
  • AMD stated that they expected around $21.5 billion in sales throughout 2022, much higher than analysts’ initial expectations of $19.26 billion
Lisa Su from AMD
Pictured above is Lisa Su, the President and Chief Executive Officer of AMD (Advanced Micro Devices). | Image Credit: AMD

AMD is currently soaring in post-market due to the amazing earnings and revenue report released for the fourth quarter on Tuesday. Analyst estimates were outdone for both earnings and sales, and they also touched on the strong forecast for AMD sales throughout 2022.

The stock is 9.75% up aftermarket, it seems as if investors are flocking back into buying AMD stock after the recent dip in the past week or two.

AMD also touched on the fact that they were expecting around $21.5 billion in sales in 2022, which is much higher than the initial estimate of $19.26 billion given by analysts. When compared to the sales AMD had in 2021, this is a whopping 31% increase.

Year of Growth for AMD

2021 was an amazing year for them and the company saw its sales skyrocket 68%, with the gross margin increasing upwards to 50% (giving them a total uptick of 5 percentage points from the previous year). Many would argue that AMD is finally able to challenge the “almighty chip maker” known as Intel at this point in time.

The bulk of sales reported from AMD’s computing and graphics portion pertained to either Ryzen drivers or Radeon graphics processors, both of which are hot products on the computer part market. They reported a 32% growth and reached a total of $2.6 billion in revenue. The average selling price for products on either line was increasing gradually, and it’s something to take note of.

They had also talked about purchasing the company Xilinix in a $35 billion deal that would give them more “power” to compete with companies like Intel in the data center chip/processor market. The company said that they had already received approval for the merger from Chinese regulatory teams and that the transaction was currently pending.

Although it’s back on an upswing, it’s important to remember that this company is still down 22% when looking at year-to-date pricing. Could this be the “dip before the rip” that I see so many people talking about?

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Demaryius Thomas Death Due to 2019 Car Crash?

Demaryius Thomas with the Broncos
Demaryius Thomas during his stint with the Denver Broncos

One of the former budding stars of the NFL and ex-Broncos Demaryius Thomas has passed away, as reported by the FOX 5 Atlanta news team.

Many of his teammates reacted to the news early Friday morning, with most of them displaying a sense of shock.

Even former teammates such as Demarcus Ware, who played with “Bay-Bay” from 2014 to 2016, spoke out on Twitter and told the public that he was “heartbroken” over the situation.

Demaryius Thomas Had Been Dealing with Seizures

It’s been said that ever since his 2019 car accident, Demaryius Thomas was dealing with seizures. He flipped his car while doing over 70 MPH in a designated 30 MPH zone.

I’m not one to judge someone else, especially after they have passed away – when it comes to Bay-Bay that would be no different.

Understanding the importance of this crash and the effect it may have had on his recent death is going to be important moving forward.

Bay-Bay during his tenure with the Houston Texans

Is This Another “Head Trauma” Problem?

Tons of current and former NFL players have to deal with the consequences of head trauma. Finally, many of them are speaking out about how CTE can impact their lives.

There’s no telling until we gather more information, but if years of playing professional football and one massive car crash have anything to do with the death of Bay-Bay, we might not be finished with this story.

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