Where Will AMD Stock Be In 1 Year?
AMD (NASDAQ: AMD) posted its fourth-quarter report on Jan. 31. The chipmaker's revenue rose 16% year over year to $5.6 billion, which beat analysts' estimates by $80 million. Its adjusted earnings per share fell 25% to $0.69, but still cleared the consensus forecast by two cents.
AMD's stock rose slightly after that report, which looked a lot better than Intel's disastrous numbers, but its stock remains down 31% over the past 12 months. Will it bounce back this year as the chip market stabilizes?
Image source: AMD.
Source Fool.com
