Why AMD Stock Exploded Higher Today
Advanced Micro Devices (NASDAQ: AMD) stock advanced 16.6% through 10:10 a.m. ET Wednesday morning after beating on sales and earnings last night.
Heading into the Q1 report, analysts forecast AMD would earn $1.27 per share, pro forma, on $9.9 billion in sales. AMD actually earned $1.37 per share and sales were $10.3 billion -- and this news keeps getting better.
Image source: Getty Images.
Source Fool.com
Advanced Micro Devices Inc. Stock
€358.80
17.970%
The stock is one of the favorites of our community with 116 Buy predictions and 2 Sell predictions.
With a target price of 375 € there is a slightly positive potential of 4.52% for Advanced Micro Devices Inc. compared to the current price of 358.8 €.
