AMD projects its MI300 lineup to generate ~$4B in revenue in 2024, up $500M from an earlier forecast, but short of expectations; AMD drops 6%+ after hours

The founder of Binance, Changpeng Zhao, has been sentenced to four months in prison by a US judge for failing to establish adequate anti-money laundering protections. Zhao, who once led the world's largest crypto exchange, pleaded guilty in November 2023.

In other news, AMD reported a 2% YoY increase in Q1 revenue to $5.47 billion, beating the estimated $5.46 billion. The company's Data Center revenue rose by 80% YoY to $2.3 billion, and it reported a net income of $123 million, up from a net loss of $139 million YoY.

Key takeaways

Binance founder Changpeng Zhao has been sentenced to four months in prison for failing to establish adequate anti-money laundering protections.
Zhao, who was once the head of the world's largest crypto exchange, pleaded guilty in November 2023.
AMD reported Q1 revenue up 2% YoY to $5.47B, with Data Center revenue up 80% YoY to $2.3B, and a $123M net income, up from a $139M net loss YoY.
Tech company Tribe AI is offering its services to build AI for top companies, boasting a bench of over 500 engineers and researchers.

AMD projects its MI300 lineup to generate ~$4B in revenue in 2024, up $500M from an earlier forecast, but short of expectations; AMD drops 6%+ after hours

Key takeaways

Discussion (0)