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AMD (NASDAQ: AMD) stock is getting hit with sell-offs in Monday's trading. The semiconductor company's share price was down 7% as of 3:45 p.m. ET amid the backdrop of a 1.8% decline for the S&P ...
AMD’s client segment, which includes chips for PCs, generated $2.3 billion for the quarter. Analysts were anticipating revenue of $1.98 billion. The company also saw Gaming revenue of $563 million.
The surge comes as the S&P 500 and Nasdaq Composite lost 1.7% and 3.3%, respectively. AMD's stock suffered from the same news dragging down much of Silicon Valley today: the release of a new ...
Based on AMD's trailing 12-month non-GAAP earnings per share (EPS) of $3, its stock currently trades at a price-to-earnings (P/E) ratio of 39.1. That's a 17% discount to Nvidia's P/E ratio of 47.1 ...
*Stock Advisor returns as of October 14, 2024. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia.
Despite Nvidia's rise this year and the huge demand for artificial intelligence chips, AMD stock continues to underperform.
AMD's Advancing AI conference delivered new product reveals and promising sales indicators, and the pullback for the company's stock is likely a reflection of "buy the rumor, sell the news" dynamics.
In this video, I will cover the recent updates about Advanced Micro Devices (NASDAQ: AMD). *Stock prices used were from the trading day of June 4, 2024. The video was published on June 5, 2024.