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Puru Saxena: AMD reports strong Q3 earnings and positive guidance

Puru Saxena: AMD reports strong Q3 earnings and positive guidance
AMD strong Q3 earnings and guidance

AMD reported strong third-quarter earnings and provided a positive forecast for future performance. Lisa Su, CEO of AMD, said the company is confident in its ability to achieve very strong revenue growth and expanding profitability over the coming years.

Puru Saxena, an investment commentator and former fund manager, added his personal view describing artificial intelligence as a bubble.

Saxena has previously commented on tech sector developments, noting that a recent two-week period of heavy tech stock selling has coincided with major market lows in the past, according to a prior article. He has also called an earlier AI sector selloff linked to CoreWeave’s capital structure illogical and suggested that strong fundamental stocks could stage a rally, as reported in a separate update.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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