AMD and Microsoft Report Mixed Financial Results and Strong AI Prospects
AMD and Microsoft have both announced their recent financial results, highlighting notable achievements and future plans. AMD surpassed expectations with a second-quarter profit of 69 cents per share and revenue of $5.8 billion. The company forecasts robust growth in its AI data centre GPU revenue, now expected to exceed $4.5 billion in 2024. This optimism, particularly driven by demand for products like Instinct and EPYC, led to a sharp rise in AMD shares.
Meanwhile, Microsoft posted earnings per share of $2.95 and revenue of $64.73 billion, both above estimates. However, the focus shifted to a slight shortfall in Azure's growth, which rose 29%, below the anticipated 31%. The Intelligent Cloud segment, though still growing, failed to meet analysts' expectations.
Despite this, Microsoft anticipates faster Azure growth in the latter half of the fiscal year, driven by AI advancements. Both companies are heavily investing in AI to tap into emerging market opportunities.
Russell Shor
Senior Market Strategist
Russell Shor is a Senior Market Strategist at FXCM, having been promoted to the role in 2025 in recognition of his depth of insight and consistent delivery of high-impact market analysis. He originally joined FXCM in October 2017 as a Senior Market Specialist.
Russell holds an Honours Degree in Economics from the University of South Africa, is a certified FMVA®, and a full member of the Society of Technical Analysts (UK). With over 20 years of experience in financial markets, his work is renowned for its clarity, precision, and strategic value across asset classes.
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