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Stock impact report

MarketWatch First Take: AMD has won Wall Street’s trust, and its stock is showing the results [MarketWatch]

Advanced Micro Devices, Inc. (AMD) 
Last advanced micro devices, inc. earnings: 4/28 04:25 pm Check Earnings Report
US:NYSE Investor Relations: ir.amd.com/investor-overview
Company Research Source: MarketWatch
Opinion: AMD has won Wall Street’s trust, and its stock is showing the results Advanced Micro Devices Inc. — and Chief Executive Lisa Su — demonstrated on Tuesday how far they have come in winning credibility on Wall Street, for a company that deservedly lacked that trust for many years. AMD AMD, -4.61% reported fourth-quarter revenue and a first-quarter outlook that was slightly below expectations Tuesday , thanks mostly to excess inventories of graphics chips. That would typically be a recipe for a big decline for the chip maker’s volatile stock, which has already been hit this week after a revenue warning from rival Nvidia Corp. NVDA, -4.64% . However, AMD’s shares surged 9.1% higher in Tuesday’s extended session as investors bought into the company’s full-year 2019 outlook for high single-digit revenue growth, even with a forecast revenue drop of about 24% in the first quarter. Investors are clearly banking on the company’s next generation of chips for PCs and data centers/ Show less Read more
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