lisa su. lisa, i want you to do two things for me. one, talk about what missed. have to ask you, the stock is up dramatically, tell me about a year from now given the gross margins. i say a year because i know the next quarter has to be clouded by the same inventory correction. >> it's good to be here always. it's important for people to understand what is going on in our business. when we look at the third quarter, lots of our businesses did quite well. the client business did very well. the data center business did very well. we did have a problem with the gpu. we had some elevated inventory levels going into the third quarter and those ended up being larger than expected. when you look overall at the business, we are pretty happy with how the business is shaping up particularly around new products. jim, if we looked at it a year ago, we talked about how new products were going to drive amd's growth and amd's market expansion. going into the fourth quarter we will have over 50% of our revenue in those new products around processors, around data center, around g

comments from lisa su, is this a one off quarter inventory issue or bigger read through to the broadertor >> yeah. for amd in particular we think their big issue is crypto gpu, they were used for mining, huge first quarter of the year, and we're still feeling the after effects. we think sales were 400 million higher in the first quarter. we worked through about 250 of that overhang. but there's still another shoe to drop. we think it could happen in the first quarter for them. >> you think it is bursting of the crypto bubble playing out in their results? >> that's right. in the intermediate term for amd, we think they have one more quarter of pain to take in the first quarter, they may miss that guide after that it is a different story and a lot of stuff that lisa is talking about we're quite positive on. >> mitch, what do you take in terms of read through to intel the stock is up. there was expectation that because of issues at intel, amd would take more market share doesn't seem like that's the case this quarter. >> i like the other side of the arkt they're gaining -- argument. they'

i spoke with lisa su yesterday about being a technologist who became a ceo and why security will playan important role in the company's future. take a listen. >> in our case it has caused us to think very differently about security we have a responsibility to think much, much broader and there's a reputational aspect to our jobs, and security is one of though things. you've got to do everything you possibly can because it's such a reputational issue for the company. >> that was a great event and as you see, amd stock faring a bit better today than it has year to date >> wow that's a tough month >> month to date, i should say done very well year to date. >>> well, let's take a look at shares of another stock as well, gm coming off a big quarter saw it blow past forecasts in revenue what the ceo told cnbc this morning about what comes next. "squawk alley" is back in less than three real-time analytic, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. is my competitive edge. it senses our movements and automaticall

finally a quick programming note hear from achld ceo lisa su tomorrow at 9:00 a.m. eastern time on squawk on the street. >> thank you bob bob at the nyse. looking at the after hours reaction to achld what stands out to me is intel is trading higher by 19.5%. granted on her light volume but it's up. >> but also throttled over the last couple weeks. maybe it's up because people saying maybe amd is not eating intel lunch maybe there is rotation back which makes sense in terms of achld goes and i was bullish on the which up and at the top and bullish on the way -- i've been right and very wrong but now you have to ask where does it make sense i think she will do a good job explaining the quarter, the ceo. also $15 was a level we sort of topped out a number of times early this year. so past resistance becomes support. i'll say this though again dan is not here. you know the chips are the building blocks of everything. and taiwan semi down 4% today. texas instruments tim mentioned down another 8%. chips going down does not sort of august yur well. >> we had chipsnous of a

. >>> and lisa su will be on squawk on the street tomorrow to talk about the results don't miss it.tockstill up still up 121% we'll see what tomorrow brings >> which makes it quite the exception in that group. still holding on to a lot of those gains. the market started sniffing out this kind of rollover months ago. and now with texas instruments, different starts of the market >> you can be a buyer of the chips right now? >> we'll take a fresh look at texas instruments. yeah, i think you can if you have the right time horizon. you can't do it if it is the next three months. but if you are a threeholder, in opportunity. >> does this hurt the momentum coming tomorrow? >> potentially although i have to say i don't think that we'll be either rescued by one or two or taken down by one or two i think that it is kind of building into a much more macro index trade. i was looking at the equal weighted version and it was down 2.2% versus 3% for the actual s&p so it was the real big growth stocks that held up better that really got blasted today so not a silver lining, but there was a bit of

lisa su of amd. amazon, alphabet, intel all report tonight.

sued just weeks before the midterm election. our media partner, the mercury news, reports the lawsuit filed yesterday claims lisa gilmore did not disclose $100,000 in income. they claim she made 180,000 at public property advisers. they are required to disclose where they make money so they can look for potential conflicts of interest. >>> parking l >>> transit agency began running a 10 car train with some of the first batch of earlier this year. 20 other cars are used for cargo. there is a two-year bidding process which would bring new trains into service much faster. >>> you're never more than 7 minutes away from my accuweather forecast. temperatures in san francisco, 54 the cool spot is. 59 in lake per second. castro, mission, 57. san rafael, definitely foggy this morning south on 101. a look at south bay. you can see how foggy it is getting into san francisco from the east on the bay bridge. widespread fog. caution. it's everywhere this morning. mass transit will be warmer this afternoon. so dress in layers. the ferry ride will be breezy at times, especially the closer you get towards, say, tiburon and sausalito. all right.

algunas sorpresas la senador lisa fue la Única republicana que votÓ en contra de brett kavanaugh no cree que es la persona idÓnea para ser magistrado, mientras que Él rompiÓ con suor, un grupo de mujeres lo abuchea ban, mientras trataba de dar explicaciones * su decisiÓn, dejo un mal sabor de boca entre sus colegas. >> el juez brett kavanaugh no se merece estar en la corte suprema por las decisiones que ha tomado en el pasado contra los derechos civiles votantes, los derechos de mujeres los derechos de inmigrantes. >> las reacciones alrededor del capitolio no se hicieron esperar. >> tomando las oficinas de algunos senadores con enfrentamientos fÍsicos y verbales y dejÁndose arrestar en las escaleras de la corte suprema, reaccionaron quienes se oponen a kavanaugh. >> serÍa una terrible injusticia por todas las mujeres que maÑana serÁ el voto final y como hoy, se esperan mÁs protestas, kavanaugh, no dejara de generar controversia, aquÍ y en todo el paÍs. >> en washington, lori montenegro noticias telemundo. >> el proceso de selecciÓn de kavanaugh estÁ siendo uno de los mÁs complejos y accidentados que se recuerdan, probablemente uno de los capÍtulos mÁs di nunca d

sued just weeks before the midterm election. our media partner, the mercury news, reports the lawsuit filed yesterday claims lisa gilmore did not $100,000 in income. they claim she made 180,000 at public property advisers. politicians are required to disclose where they make money so voters can identify potential conflicts of interest. gilmore is up for re-election next month. >>> in the north bay, federal officials approved more funding for areas devastated by last year's wildfires. the department of housing and urban development will give public housing agencies nearly $3.5 million in vouchers. santa rosa will receive the bulk at $2.1 million. sonoma county will get $800,000. ukiah will get $517,000. >>> car buyers should take safety and car dependability into account when buying a new car. researchers looked at more than 500,000 vehicles. here are the results. lexus, toyota, and mazda top the list of most reliable brands. on the other end of the spectrum, tesla, cadillac, and volvo ranked the least reliable brands. >>> speaking of tesla, shares soar odd a surprising third quarter earnings report. a surprise profit reported a

lisa morkowski. cabe destacar que el demÓcrata votÓ a favor, en contra de la serie de sus colegas demÓcratas.ote en contra de la nominaciÓn. pues ella se le acercÓ hace unos minutos a un senador republicano tratÁndolo de convencer de que vote en contra de esta dominaciÓn, pero es senador republicano kennedy le dijo que no, que ya habÍa tomado su decisiÓn y ella empezÓ a llorar. fue momento realmente muy emotiva y despuÉs de eso, el presidente para el trump twiteÓ en contra de estas activistas mujeres que dicen que han sido pagadas por profesionales. y entonces, hablamos con ana marÍa y considero esto un insulto. escuchemos. >> el presidente trump, cada vez que alguien tiene el coraje de levantar su voz y de exigir que los polÍticos nos escuchen, se dedica a disminuir y a insultar y a quitarle el crÉdito esos individuos. a mÍ no me asusta el tweet del presidente. yo he i en --dicho en cada lugar donde puedo que yo pertenezco a una organizaciÓn que lucha por la justicia. >> y bueno, se esperan mÁs demostraciones, mÁs manifestaciones el dÍa de hoy. hemos estado escuchando gritos aquÍ adentro y t

federal government sued for medicare fraud, veterans fraud, medicaid fraud, for not telling patients about potentially fatal side effects. you did that. who does that? mr. hugin: not true. lisa: gentlemen, an issue we hear a lot about, affordability. with some of the highest property tax in the country, residents in new jersey are increasingly concerned about affordability. what will you do to make sure that residents of new jersey can afford to stay here? one minute for each of you. mr. hugin: this is the number one issue for all new jersey's. we have the fastest rate of migration from 18 to 34-year-olds. the only thing we are number one in the state is the rate of 20 girls living with their parents. with the latest tax bill, we have accelerated out migration. the outlook for jobs is worse in the state. we need washington to stop giving us the short and of the giving us the -- short end of the stick. we need to put the spotlight back on trenton and need government to be more efficient. raising taxes makes no sense. we the most overtaxed state in the country. it is unaffordable. we're on the brink. i am running because we have to show new jersey we are going to turn the ship

suing the university of souther. california. they say they were sexually harassed or abused by a campus gynecologist. this brings the numer of accusers agaisnt the doctor to almost 500. lisaports. "dr. tyndall impeded my ability to seek medical help." with tears and emotions high these women stood together in solidarity. . reliving the horrific detailsthey say they faced when they visited former usc gynecologist george tyndall."he took pictures of me while i was completely naked.""i couldn't believe it when i found out that the lapd has boxes of photos."brennan heil/ usc student:"he molested me, made me feel less than." and today as these women spoke out. . 93 more lawsuits were filed against usc and tyndall. . bringingthe total number of cases to more than four hundred. alleged victims claiming gross sexual misconductor sexual abuse at the hands of the doctor and that usc knew. . covered up complaints. . and concealed his actionsduring tyndall's 30 years at the university.marie nowacki/ former usc student: "how was i, a 20-year-old girl, new to gynecological treatment, expected to know that dr. tyndall's conduct was illegal and wrong?"but these women know. two of the fir