When to Invest in AMD

Video credit: The Street
Published on July 31, 2019 - Duration: 01:08s

When to Invest in AMD

Apple wasn't the only company to report earnings after the bell on Tuesday, July 30.

Real Money Stock of the Day AMD reported adjusted earnings in the quarter were 8 cents a share on revenue of $1.53 billion, down from $1.76 billion a year earlier but ahead of expectations of $1.52 billion.

Computing and graphics revenue in the quarter was $940 million, missing expectations of $983 million.

Enterprise embedded and semi-custom revenue was $591 million, beating estimates of $544 million.

Looking ahead, AMD said it expects third-quarter revenue of $1.75 billion to $1.85 billion, below forecasts of $1.94 billion.

But what does Jim Cramer think?

"Here's what's going on with AMD.

I've gotten to know Lisa Su and Lisa and I were both, quite certain that with two different console makers putting out new consoles in the fourth quarter that no them...gamers are like...that's like a gamer knowing when the playoffs begin versus the regular season, no, there's almost virtually no game or who would buy the Xbox right now knowing that there's a new Xbox [coming soon].

So if you're making the chips for Xbox, you know, there's going to be a pause in demand, but is it really a pause in demand or is it just a pause in equipment?

Those are two different things," said Cramer.


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