Advanced Micro Devices (NASDAQ: AMD) reported strong quarterly results on Tuesday, May 3, which sent the stock rocketing after hours. This quarter was also the first to include results from AMD's acquisition of Xilinx, which closed on Feb. 14.
With the price spike, investors might be wondering if purchasing the stock now is a prudent investment decision. The earnings report revealed several vital items investors must understand before taking a position in this chipmaker.
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Source Fool.com