AMD shares rise on fourth-quarter earnings beat

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AMD 4분기 실적은 데이터센터 부문 매출 17억달러(전년比 +42%)로 강했으나, 클라이언트(-51%)와 게이밍(-7%)은 약세. 임베디드는 14억달러로 크게 증가. 1분기 가이던스 53억달러는 시장 기대에 못 미침. 인텔 대비 시장점유율 확대 기대가 있으나 가격 인하 경쟁 우려 존재. 밸류에이션은 다소 높다는 평가.

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01. better than Intel Christina Parts Nobles our chip expert joins us now you've tried to get us prepared for this over the last couple of days uh Christina what do you make of this well you did mention there's a top and bottom line piece we know that we know also q1 guidance came in a little bit lower than anticipated at 5.3 billion dollars so that was the big question mark what were they going to guide for given all the other chip makers now I'm going through the quarterly Financial segment summary and just to Joe's point he brought up data center segments because that was a big question mark what we're seeing is that for the quarter it was 1.7 billion up 42 percent year over year primarily driven by strong sales of their server processor so that's good news but then when you look at the other segments like client segment Revenue which is encompasses about 20 percent of amd's total revenue that was down 51 year over year due to a reduced processor shipments resulting from a weak PC market then gaming we know Steve just talked about that with EA the gaming segment was down seven percent Euro rear driven by lower gaming Graphics sales and then we have the embedded segment also a huge portion of their revenue that was actually up quite a bit to 1.4 billion over a thousand percent higher year over year so those are the four important uh sorry hitting my mic but those are the four important segments that we're seeing data center strong but weakness coming from the client segment Revenue as well as gaming you know but the weakness I I think you would agree is is coming from areas that we expect it to be weaker exactly right and the the data center is holding up may be better than some expected and some of the commentary at least which I read coming into this report was that they've been better able to withstand the data center slow down than say an Intel because those who were suggesting that say they have just better products and you alluded to the sales of those products within the data center group so to a few points well one the you can argue maybe that they don't necessarily have better products because Intel is going to be launching a new product very soon so that's possibly part of the reason why Intel's been dropping the prices of many of their products but yes uh there's obviously some customers on both sides but Intel warned about this Intel warned about losing market share not only to AMD but to um to arm as well and so we're starting to see it the the concerning point that maybe it is not in this report but might be on the call is the pricing that of some of these products have the prices drop just to maintain this competition between both companies at a time when sales are a little bit weaker hopefully that won't be the case but overall it seems like a pretty good report with the weaker q1 Revenue guidance I'm glad you bring that point up it's a good one too the pricing because I know that Stacey rascon for example is going to join us you know momentarily as well to give his first read has been worried about uh pricing drops there too so Christina thank you we'll talk to you again soon and don't miss by the way tomorrow Lisa Sue Dr Lisa Sue on Squawk on the street in the morning is going to talk to these results and you know what her Outlook is is going ahead I uh let me come back to you you know I wonder how you feel about this move in in the Market within the chip space you know some have suggested well it's confirming the overall move in the market others say it's it's just a head fake and a snapback like we've seen in so many other areas of NASDAQ related stocks sure Scott you know thinks uh similar to what Joe was talking about before in terms of the the high beta trade working so far in January the chips have definitely participated with that at least most of them have as you mentioned Intel continues to have its woes uh you know losing market share to AMD and others and you know you could see it AMD you know when they did the xilinx acquisition they gained a good product um platform so that they're able to customize workloads better for their customers and so um I you know I think they will continue to gain share and that's going to allow them to sort of continue to grow revenues to a certain extent relative to others even as the economy slows down and so you know when we look at quality and and sales momentum at least we think about those areas that you know on a relative basis can outperform others within the space and so you know I think it's still from about evaluation perspective a little lofty but you know I think you pay for sort of quality and and leaders within certain areas of the market