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. Stock
€429.20
2.500%
Currently there is a rather positive sentiment for Advanced Micro Devices Inc. with 113 Buy predictions and 5 Sell predictions.
As a result the target price of 520 € shows a positive potential of 21.16% compared to the current price of 429.2 € for Advanced Micro Devices Inc..
