Why AMD Stock Dropped Today
Shares of Advanced Micro Devices (NASDAQ: AMD) sank on Wednesday after a major customer said it would buy its artificial intelligence (AI) chips from a rival chipmaker.
Image source: Getty Images.
AMD's second-quarter performance would be the envy of most businesses. Revenue jumped 50% year over year to $11.5 billion. Gross profit leaped 95% to $6.5 billion. Operating income surged 245% to $3.1 billion. And earnings per share soared 246% to $1.66, topping Wall Street's estimates of $1.61.
Source Fool.com
Advanced Micro Devices Inc. Aktie
407,50 €
-2,69 %
Leichtes Buy-Übergewicht bei Advanced Micro Devices Inc. mit 113 Buy- gegenüber 5 Sell-Einschätzungen.
Das Kursziel von 520 € für Advanced Micro Devices Inc. bedeutet eine deutliche Steigerung von über 20% gegenüber dem aktuellen Kurs von 407.5 €.
