Advanced Micro Devices (NASDAQ:AMD) shares have been on a steep decline, sinking 36% over the past year. Not long ago, the company was seen as

Corporate America just kicked off a new quarterly earnings season. Over the next few weeks, hundreds of companies will report their latest financial results, but Wall Street will be most focused on those leading the artificial intelligence (AI) race.

We recently published a list of Jim Cramer’s Bold Predictions About These 9 Semiconductor Stocks. In this article, we are going to take a look at where Advanced Micro Devices, Inc.

Wall Street forecasts Advanced Micro Devices will report revenue of $7.53 billion for Q4, up 22% year-over-year, in-line with management guidance of $7.5 billion, plus or minus $300 million. Earnings of $1.09 per share, a 41.5% increase, are expected.

We recently published a list of 12 Most Promising Growth Stocks According to Wall Street Analysts. In this article, we are going to take a look at where Advanced Micro Devices, Inc.

In addition, while Nvidia has a comprehensive software ecosystem named CUDA, this is more focused on training utilizing high-performance graphics processing units like the H100. Inference workloads will be less reliant on CUDA, so AMD has an opportunity to compete with its open-source ROCm stack and cost-efficient solutions.