Can't take on big cement majors yet; will grow biz organically: Parth Jindal
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Time of India
32 minutes ago
- Time of India
AMD stock slips after Q2 profit miss, but AI-driven $8.7 billion Q3 forecast sparks investor hope
AMD dropped its second-quarter report, and while the numbers didn't scream 'perfect,' there was still enough to keep investors interested. The chipmaker, known for taking the fight to rivals like Intel and Nvidia, missed Wall Street's earnings estimate by a whisker. But revenue came in strong, showing that demand across key segments hasn't cooled off. The highlight? AMD's forecast for the upcoming quarter. With demand for AI chips growing rapidly, the company expects a sharp boost in sales. It's also rolling out new AI hardware that could shake up the competition. But at the same time, trade restrictions and export delays still hover over its roadmap, especially in China. AMD revenue beats estimates despite earnings slip For Q2 2025, AMD posted adjusted earnings of 48 cents per share, just under the expected 49 cents. Revenue, though, stood tall at $7.7 billion, beating the $7.4 billion forecast. Year-over-year, that's a 32% rise, driven by solid growth in personal computing and gaming. 🚨 $AMD Q2 Earnings 🚨• Sales $7.7B vs Est. $7.4B• EPS $0.48 vs. Est. $0.48• Data Center Sales $3.2B -- up 14% YoY• Gross Margin 43% vs. Est. 54%Q3 Outlook• Sales $8.7B vs Est. $8.3BAMD says U.S. export controls led to $800M in inventory charges -- gross margin… The company's net income reached $872 million, up from $265 million in the same quarter last year. However, profit was impacted by the lingering effect of U.S. export restrictions, especially around its MI308 AI chips. AMD AI forecast shines a light on Q3 AMD expects to bring in around $8.7 billion in revenue for Q3, give or take $300 million. That's more than what analysts predicted, and it suggests confidence in its next-gen AI chips. CEO Lisa Su pointed to the rollout of the Instinct MI350 series, which AMD claims can rival Nvidia's Blackwell chips in both training and inference. 'Seven of the top ten AI companies are now using Instinct,' Su told analysts during the earnings call. That's a big step up for AMD, especially as firms like Meta and OpenAI look for alternatives to Nvidia's more expensive chips. China export ban: A costly delay for AMD One of the biggest challenges AMD faced this year was the temporary U.S. ban on exporting its MI308 AI chips to China. That move cost the company roughly $800 million in lost revenue and led to an operating loss of $155 million last quarter. Although the Trump administration has now relaxed those restrictions, AMD is still waiting for final clearance to resume shipments. AMD has now delivered two consecutive quarters of declining Data Center stock is down 4.7% after hours.$AMD For now, AMD's Q3 forecast does not include revenue from China-bound AI chips. But once sales restart, it could help AMD recover a big chunk of what it lost earlier this year. Gaming and client segments push ahead While AI grabs headlines, AMD's traditional businesses are also pulling their weight. The gaming segment brought in $1.1 billion in revenue, a 73% increase year-over-year, driven by demand for custom console chips and GPUs. The client's business, which includes desktop and laptop CPUs, pulled in $2.5 billion, up 57% from last year. The data centre segment delivered $3.2 billion, a 14% rise, though just shy of analyst forecasts. AMD's Ryzen Zen 5 processors helped boost momentum in the PC space, where the company continues to eat into Intel's market share. AMD is rivalling Nvidia in the AI segment Despite the upbeat forecast, AMD still trails Nvidia by a large margin in the AI chip race. Nvidia remains the go-to for training large models, thanks to its dominant GPUs and widespread developer support. But AMD is slowly building its case, especially in inference, where price and efficiency matter more. $AMD -- THE INFERENCE ENGINE OF AI -- REPORTS 32% YoY GROWTH 🤯 The MI350 series is AMD's answer to Nvidia's GB200 platform. Su says the new chips offer four times the performance and 35 times better inferencing compared to their previous models. If real-world adoption follows, AMD could start closing the gap sooner than expected.
Deccan Herald
9 hours ago
- Deccan Herald
Can't take on big cement majors yet; will grow biz organically: Parth Jindal
Parth Jindal, the managing director of the IPO-bound JSW Cement, told reporters that entrenched competitors have very strong balance sheets, with low or no debt and a lot of cash.
Mint
12 hours ago
- Mint
JSW Cement IPO : From key dates to key risks, here are 10 key things to know from the RHP
JSW Cement IPO : From key dates to key risks, here are 10 key thing from the RHP that investors want to know before investing. The ₹ 3,600.00 crore JSW Cement IPO is a book-building issue. The issue consists of an offer to sell 13.61 crore shares worth ₹ 2,000.00 crores and a new issue of 10.88 crore shares for ₹ 1,600.00 crores. The market capitalization of JSW Cement IPO is around ₹ 20,041.46 Crore The subscription period for the JSW Cement IPO begins on August 7, 2025, and ends on August 11, 2025. On Tuesday, August 12, 2025, the allocation for the JSW Cement IPO is anticipated to be finalized. The price range, or price band, for JSW Cement's IPO is ₹ 139 to ₹ 147 per share. An application's lot size is 102. Retail individual investors must make a minimum investment of ₹ 14,178 (102 shares). 14 lots (1,428 shares) for small NII and 67 lots (6,834 shares) for big NII represent the lot size investment, which comes to ₹ 10,04,598 and ₹ 2,09,916, respectively. The anticipated listing date for the JSW Cement IPO is set for Thursday, August 14, 2025, and it will be listed on the BSE and NSE. Sajjan Jindal, Parth Jindal, Sangita Jindal, Adarsh Advisory Services Private Limited, and Sajjan Jindal Family Trust are the company promoters. JSW Cement Limited is an Indian company that was founded in 2006 and produces cement. The company, which is a member of the JSW Group, is dedicated to innovation and sustainability in the cement sector. The JSW Cement IPO's book-running lead manager is Jm Financial Limited, while the issue's registrar is Kfin Technologies Limited. The Company proposes to utilise the Net Proceeds from the Issue towards Part financing the cost of establishing a new integrated cement unit at Nagaur, Rajasthan Prepayment or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company General Corporate Purpose Natural disasters, fires, epidemics, pandemics, acts of war, terrorist attacks, civil unrest, and other events could materially and adversely affect company business. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
