Gaming stocks November 4 evening: AMD rises in early trading

AMD shares (Nasdaq: AMD) rose 3% in early regular US trading on November 4, according to a Reuters report updated at 16:49. This is an intraday figure, not a closing return. Reuters linked the market response to AMD’s forecast of faster growth through 2027 and demand for AI infrastructure.

AMD makes Ryzen processors and Radeon graphics cards and supplies custom chips for consoles. In its third-quarter results, already covered in the morning column, AMD reported gaming revenue of $773 million, down 40% year over year. Combined Client and Gaming revenue was $3.7 billion, down 8%. Those figures provide context; Reuters did not attribute the share move to gaming.

In Finland, Inderes analyst Atte Riikola examined the results of Remedy (Nasdaq Helsinki: REMEDY). The developer’s third-quarter revenue reached €39.6 million, below Inderes’s €48 million estimate. The analysis points to game sales and royalties below the research firm’s forecast.

From the bench: Turtle Beach

Headset and controller maker Turtle Beach (Nasdaq: TBCH) plans to report third-quarter results on November 5 after the Nasdaq closes. Its company announcement schedules the results call for 23:30.

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