Is AMD Stock a Buy Now?
(NASDAQ: AMD) posted its third-quarter report on Oct. 31. The chipmaker's revenue rose 4% year over year to $5.8 billion and exceeded analysts' expectations by $110 million. Its adjusted earnings also grew 4% to $0.70 per share and cleared the consensus forecast by $0.02.
That marked the first time AMD's revenue and adjusted earning per share (EPS) grew in tandem since the second quarter of 2022. Does that earnings beat imply its cyclical slowdown is finally over, and it's the right time to buy its stock?
Image source: Getty Images.
Source Fool.com
Advanced Micro Devices Inc. Aktie
424,75 €
1,39 %
Starkes Buy-Sentiment bei Advanced Micro Devices Inc. mit 113 Buy- gegenüber 4 Sell-Einschätzungen.
Das Kursziel von 523 € für Advanced Micro Devices Inc. bedeutet eine deutliche Steigerung von über 20% gegenüber dem aktuellen Kurs von 424.75 €.
