The Ratings Game: AMD optimism reigns despite ‘ho-hum’ earnings [MarketWatch]
Advanced Micro Devices, Inc. (AMD)
Last advanced micro devices, inc. earnings: 4/28 04:25 pm
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Source: MarketWatch
AMD optimism reigns despite ‘ho-hum’ earnings Advanced Micro Devices Inc. celebrated its 50th birthday Wednesday with praise from analysts despite a mediocre earnings report, as the industry awaits the release of the chip maker’s anticipated new line of chips in the second half of the year. AMD AMD, +0.43% shares rose as much as 5% Wednesday, though most recently traded between slight gains and losses following the chipmaker’s earnings report late Tuesday. In comparison, the PHLX Semiconductor Index SOX, +0.58% rose 0.3%, the S&P 500 index SPX, +0.21% was up less than 0.1%, and the tech-heavy Nasdaq Composite Index COMP, +0.53% was up 0.3%. The company reported adjusted earnings of 6 cents a share on revenue of $1.27 billion Tuesday, “primarily due to lower graphics channel sales, partially offset by increased client processor and datacenter GPU sales,” while Wall Street was looking for 5 cents a share on revenue of $1.26 billion. For the second quarter, AMD expects reven
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AMD
News
- Advanced Micro Devices, Inc. (NASDAQ: AMD) had its price target raised by analysts at TD Cowen from $185.00 to $200.00. They now have a "buy" rating on the stock.MarketBeat
- Advanced Micro Devices, Inc. (NASDAQ: AMD) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $200.00 price target on the stock.MarketBeat
- AMD Expands Portfolio With the Launch of Ryzen PRO Series [Yahoo! Finance]Yahoo! Finance
- Is Trending Stock Advanced Micro Devices, Inc. (AMD) a Buy Now? [Yahoo! Finance]Yahoo! Finance
- Here's Why Advanced Micro Devices (NASDAQ:AMD) Can Manage Its Debt Responsibly [Yahoo! Finance]Yahoo! Finance
AMD
Earnings
- 1/30/24 - Beat
AMD
Sec Filings
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- 4/15/24 - Form 144
- AMD's page on the SEC website