Cailianshe October 7th (Editor Zhao Hao) After the opening of the US stock on Friday (October 7th), the stock price of the US Super Micro (AMD) company (AMD) fell sharply, and is now at US$60.96 per share, at a low level since July 2020, with an intraday decline of more than 10%.
After the trading session yesterday, the semiconductor company announced its initial financial results for the third quarter. AMD expects revenue in this quarter to be approximately US$5.6 billion. Although increased by 29% year-on-year, it fell 15% month-on-month, and far less than the company and the market's previous expectations of US$6.7 billion.
Like Nvidia, , Intel and other peers, AMD also blamed disappointing sales on weak personal computer (PC) market in the report. The report
said that due to weaker than expected PC market and backlog of inventory in the supply chain, the company's processor shipments have significantly decreased, and the revenue of the individual user (Client) department was lower than expected, down 53% month-on-month and 40% year-on-year.
Although AMD has been "embezzling" Intel's share in the PC market, the rapid cooling of the entire industry has also hit it a lot. CEO Su Zifeng (Lisa Su) wrote, "Even if our product portfolio is very strong, the macroeconomic situation still makes demand for PC products lower than expected."
Cailians News Agency previously mentioned that a report by market research firm Canalys showed that the US economy is facing an imminent recession and high inflation, which caused the shipments of the US PC market to fall by more than 20% year-on-year in the second quarter of this year.
AMD performed strongly in the first two years of the outbreak of new crown - 2020 and 2021, but this year saw a 180-degree turn, and the stock has been halved since the beginning of the year. The cooling of the overall environment has also made the global semiconductor industry's weather vane - Philadelphia Semiconductor Index html has fallen by more than 40% in four years.
It is worth mentioning that in the past two years, due to the influence of supply and demand factors, many industries around the world experienced chip shortages - "chip shortage", which caused the Philadelphia Semiconductor Index to rise for months.
is now hit by global high inflation and recession expectations. The production capacity of the industry that once flocked to has become a hot potato that everyone stays away from. The profits of related companies have dropped significantly, their performance plummeted, and their spending has plummeted, which has caused a "core panic" storm.
Previously, Citi analysts warned that the semiconductor industry is entering its worst downturn in 10 years, with poor macroeconomics and cumulative inventory both losing profits. The Philadelphia Semiconductor Index is expected to hit a new low and fall by another 25%.
It is worth mentioning that this morning, Beijing time, the third quarter operating profit of Samsung Electronics announced 10.80 trillion won, which was lower than the market's expected 12.12 trillion won, a year-on-year decrease of 32%.
