Why AMD Stock Is Plummeting Today
(NASDAQ: AMD) stock is getting hit with a big pullback in Wednesday's trading following the company's latest earnings report. The semiconductor specialist's share price was down 9.2% at 11 a.m. ET.
AMD published its second-quarter results after the market closed yesterday and reported earnings that were in line with Wall Street's targets and sales that beat expectations. While the company issued encouraging forward sales guidance, growth for the company's artificial intelligence (AI) graphics processing units (GPUs) slowed and was weaker than anticipated.
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Source Fool.com
Advanced Micro Devices Inc. Stock
€236.20
7.930%
The stock is one of the favorites of our community with 106 Buy predictions and 3 Sell predictions.
With a target price of 246 € there is a slightly positive potential of 4.15% for Advanced Micro Devices Inc. compared to the current price of 236.2 €.
