Is AMD in Trouble After Wednesday's Stock Drop?
Shares of Advanced Micro Devices (NASDAQ: AMD) took a painful hit on Wednesday. Following the chip designer's fourth-quarter report, the stock fell as much as 10.9% in the morning session. By 1:45 p.m. ET, AMD had recovered slightly to a 7.8% price drop.
Did Tuesday evening's report change the game for AMD and its investors?
AMD actually exceeded analyst expectations across the board in the fourth quarter. Both earnings and revenues landed slightly ahead of the analyst community's consensus targets. Indeed, the stock rose as much as 5% in Tuesday's after-hours trading.
Source Fool.com
Advanced Micro Devices Inc. Aktie
195,26 €
-2,30 %
Advanced Micro Devices Inc. ist ein klarer Community-Favorit mit mehr Buy- als Sell-Einschätzungen.
Eine deutliche Steigerung um mehr als 20% ist für Advanced Micro Devices Inc. mit einem Kursziel von 239 € gegenüber 195.26 € zu erwarten.
