AMD, Arm Offer Window Into AI Landscape Ahead of Nvidia Earnings
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Two chipmakers reporting earnings in the coming days will give investors insight into how demand for artificial intelligence infrastructure is holding up a few weeks ahead of Nvidia Corp.’s results.
Advanced Micro Devices Inc. is set to report results Tuesday after market close while Arm Holdings Plc will give its earnings figures postmarket on Wednesday. Though chipmaking stocks have taken hit this year — the Philadelphia Semiconductor Index is down 14% — underlying results may show a stronger foundation for the AI trade than recent stock performance indicates. AMD shares slipped as much as 3.1% Tuesday, while Arm fell more than 3% before paring most of those losses.