5 Most Awaited Earnings to Watch in August

4. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Fund Holders: 83

Advanced Micro Devices, Inc. (NASDAQ:AMD) will announce its second-quarter earnings after the closing bell on Tuesday, August 2, 2022. The semiconductor giant is expected to earn $1.03 per share on revenue of $6.53 billion.

Meanwhile, Advanced Micro Devices, Inc. (NASDAQ:AMD) surpassed its biggest rival, Intel, in terms of market capitalization on Friday, July 29, 2022. AMD’s market cap is now hovering around $153 billion, compared to Intel’s market value of approx. $149 billion.

Advanced Micro Devices, Inc. (NASDAQ:AMD) has given tough competition to Intel in recent years. AMD chips have outperformed Intel chips in performance and efficiency. That’s also a key reason behind Intel losing market share in the global chip market against AMD.