'As we go three to five years forward, we have a lot of things in the hopper,' CEO Lisa Su said.
's Google Cloud and Apple's various devices. Su said they look to partner with the best in the industry.. New releases for the middle of 2019 include a Ryzen microprocessor for PCs and an Epyc processor for data center, Su said.
"This is a revenue growth year for us," she said. "[We're] starting out at a lower point in the first quarter, but building up over the next couple of quarters, and we still see tremendous excitement around our products. From that standpoint, that's where we're focused." AMD celebrated its 50th anniversary in business on Wednesday. The stock surged 7% after the company reported strong first-quarter results the day prior, with guidance in line with Wall Street's hopes. Shares of the chipmaker closed down about 3% Wednesday.topped analyst expectations in its quarterly report, but the company offered a dimmer revenue forecast for 2019 than analysts expected.
"With all of the data out there and all of the compute needs, it is a great market, and it really appreciates great technology," she said. "That's where we differentiate ourselves. [We're] really focused on high-performance computing." AMD recorded $1.27 billion of revenue in the first quarter of 2019 and maintained its full-year guidance. The company expects about $1.52 billion of revenue in the second quarter, a 13% decline from the year prior, in part due to lower graphics channel sales, the company said.Want to take a deep dive into Cramer's world? Hit him up!
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