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. Stock
€192.10
1.200%
The stock is one of the favorites of our community with 110 Buy predictions and 3 Sell predictions.
With a target price of 236 € there is a positive potential of 22.85% for Advanced Micro Devices Inc. compared to the current price of 192.1 €.
