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
€424.75
1.390%
With 113 Buy predictions and 4 Sell predictions Advanced Micro Devices Inc. is one of the favorites of our community.
As a result the target price of 523 € shows a positive potential of 23.13% compared to the current price of 424.75 € for Advanced Micro Devices Inc..
