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
€219.65
1.690%
With 108 Buy predictions and 3 Sell predictions Advanced Micro Devices Inc. is one of the favorites of our community.
As a result the target price of 242 € shows a slightly positive potential of 10.18% compared to the current price of 219.65 € for Advanced Micro Devices Inc..
