AMD Stock: Bear vs. Bull
Advanced Micro Devices' (NASDAQ: AMD) stock price rose 4% in after-hours trading on Tuesday, Nov. 1, following its third-quarter earnings report. The chipmaker's revenue increased 29% year over year to $5.57 billion, which missed analysts' estimates by $80 million. Its adjusted net income grew 23% to $1.10 billion, or $0.67 per share, which was just shy of the consensus forecast by $0.03.
AMD's earnings miss wasn't surprising, since it already partly revealed those growth rates in its preliminary earnings report on Oct. 6. Let's weigh the bear and bull cases for AMD to see if this semiconductor stock is still worth buying.
Image source: AMD.
Source Fool.com
