- AMD is expected to report fourth-quarter earnings after Tuesday’s closing bell.
- Investors will be watching for comment about the Spectre central processing unit flaws and supply issues plaguing the company.
- Watch the stock trade in real time here.
AMD is set to report fourth-quarter earnings after the bell on Tuesday.
The company is expected to earn an adjusted $0.05 per share on revenue of $1.408 billion. Wall Street is mostly neutral on the stock ahead of the report, with 14 of the 28 analysts tracked by Bloomberg rating the company as a “hold.”
Investors will be looking for the company to comment on the Spectre and Meltdown security flaws that have impacted every major central processing unit manufacturer. Industry patches to solve the problem have been buggy, and it’s still unknown how the final fixes will affect performance. Systems could take as much as a 30% hit to performance because of the patches, according to some estimates.
The company will also likely address the impact of crypto on sales of its graphics processing units. Cryptocurrency miners have been buying the cards en masse to capitalize on a boom in crypto prices. Computer gamers, the traditional market for AMD’s cards, have expressed frustration at the higher prices and limited supply.
John Pitzer, an analyst at Credit Suisse, said the crypto boom will likely outweigh any negative effects from the Spectre and Meltdown flaws. Last week, Intel, one of AMD’s main rivals in the CPU space, said the flaws would not materially affect sales. Pizter thinks AMD will also be safe from any fallout from the flaws as well.
AMD shares are up about 16% this year.
about what Wall Street and millennial investors are watching out for ahead of earnings.
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