AMD Shares Tumble 8% as AI Chip Forecast Disappoints Investors

Oct 30, 2024 · Advanced Micro Devices (AMD, Financial) shares dropped 8% following the Q3 earnings report as the revenue outlook fell short of investor expectations amid the AI boom. …

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AMD Shares Tumble 8% As AI Chip Forecast Disappoints Investors

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Oct 30, 2024 · Advanced Micro Devices (AMD, Financial) shares dropped 8% following the Q3 earnings report as the revenue outlook fell short of investor expectations amid the AI boom. …

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AMD Shares Tumble 8% As AI Chip Forecast Disappoints Investors

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Oct 30, 2024 · Advanced Micro Devices (AMD, Financial) shares dropped 8% following the Q3 earnings report as the revenue outlook fell short of investor expectations amid the A AI Boom …

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Oct 30, 2024 · AMD Slides 8% After Record AI-Driven Q3 Revenue Fails To Impress Wall Street, But Retail Sees Dip As Buy Signal ... AMD's Q3 results and in-line guidance did not appease …

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AMD Stock Drops Nearly 8% On Guidance Letdown, But It Raises …

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Oct 30, 2024 · Shares of Advanced Micro Devices (AMD 2.79%) declined 7.6% in Tuesday's after-hours trading, following the chipmaker's release of its third-quarter 2024 report.The …

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‘Time To Double Down,’ Says Top Investor About AMD Stock

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Nov 18, 2024 · Over the past two years, AMD’s data center revenue has surged from $1.7 billion in Q4 2022 to $3.6 billion in Q3 2024, coinciding with the rise of ChatGPT and the broader AI …

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AMD Shares Tumble 8% As AI Chip Forecast Disappoints Investors

2 weeks from now

Oct 30, 2024 · Advanced Micro Devices (AMD, Financial) shares dropped 8% following the Q3 earnings report as the revenue outlook fell short of investor expectations amid the AI boom. …

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AMD Shares Tumble As CEO Forecasts Declining Data Center Sales

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2 days ago · AMD's AI chip revenue fails to impress investors, shares fall 5% Nvidia's dominance in AI chips challenges AMD's market position AMD forecasts Q1 revenue above analyst …

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AMD's AI Revenue Jumps In 4Q, But Misses Estimates — Update

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2 days ago · Shares fell 3.8%, to $114.91, after the bell. The stock is down 29% in the past year, as some analysts and investors have found the AI positioning of its competitors, including …

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AMD Stock Falls Despite Earnings Beat: What To Know

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1 day ago · AMD stock struggled in 2024, generating a loss of more than 18% vs a gain of more than 25% for the S&P 500. Yet Wall Street remains bullish on the semiconductor stock .

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AMD Price Levels To Watch As Stock Tumbles After AI Chip Unveiling

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Oct 11, 2024 · In other words, we add $50 to $170, which forecasts an upside target of $220, slightly below the stock’s record high of $227.30. The comments, opinions, and analyses …

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AMD Tumbles After Concerns Over AI Revenue Growth Gets Rating …

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1 day ago · Citi downgraded AMD's stock to Neutral from Buy and cut the price target to $110 from $170. Analysts led by Christopher Danely said AMD reported decent results/guidance …

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AMD (AMD) Reports Strong Q3 Revenue Growth But Faces …

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Oct 30, 2024 · Advanced Micro Devices, Inc. (AMD, Financial) reported its third-quarter financial results, showing an 18% year-over-year revenue increase to $6.82 billion, surpassing the market's expectation of $6.71 billion.The adjusted earnings per share (EPS) aligned with market predictions at $0.92. Breaking down by business segments, AMD's data center revenue more …

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AMD’s AI Moment: Q3 Earnings Put Chip Giant’s Strategy To The Test

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Oct 28, 2024 · The expectations for AMD this quarter are set high with analysts predicting an adjusted earnings per share of $0.92 and revenues hitting $6.7 billion.

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AMD Gives Disappointing AI Growth Outlook; Stock Falls 9% In …

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2 days ago · AMD’s total fourth-quarter revenue rose 24% to $7.66 billion, topping the $7.54 billion estimate. Earnings per share amounted to $1.09, minus certain items, in line with …

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AMD Reports Solid Q4 Results But Shares Tumble On Data Center …

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2 days ago · Investing.com-- Advanced Micro Devices Inc (NASDAQ:AMD) reported better-than-expected fourth-quarter earnings and revenue, but its shares fell over 9% in premarket trading …

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FAQs about AMD Shares Tumble 8% as AI Chip Forecast Disappoints Investors Coupon?

Why did Advanced Micro Devices (AMD) stock drop 8% after Q3?

Advanced Micro Devices (AMD, Financial) shares dropped 8% following the Q3 earnings report as the revenue outlook fell short of investor expectations amid the AI boom. ...

Why did AMD stock drop 18% in 2024?

Advanced Micro Devices (AMD) shares dropped about 18% in 2024 as the company struggled to meet investors' expectations for its efforts to develop and sell chips for artificial-intelligence applications. The share slump followed AMD's sharp rally in 2023 when the shares doubled due to the excitement around AI-related growth potential. ...

Why did AMD (AMD) stock drop lower in pre-market trading?

Advanced Micro Devices ( AMD) - Get Free Report shares slumped lower in pre-market trading after the chipmaker posted mixed third quarter earnings and a muted near-term outlook while hyping the potential for its new AI chips heading into 2024. ...

Did AMD stock fall in extended trading?

But the chip giant's revenue guidance for the current period was a bit light. AMD stock fell in extended trading. The Santa Clara, Calif.-based company earned an adjusted 92 cents a share on sales of $6.82 billion in the September-ended quarter. Analysts polled by FactSet had expected AMD earnings of 92 cents a share on sales of $6.71 billion. ...

Why is AMD trading at 46x consensus 2024 earnings?

AMD trades at about 46x consensus 2024 earnings. While this is a high multiple, it is justified by the ongoing recovery in the PC market and a surge in demand from AI applications could justify this to an extent. Moreover, the recent cut in benchmark interest rates by the U.S. Fed could also benefit AMD. ...

Why did AMD stock drop 5%?

AMD’s stock dropped 5% in recent after-hours trading, after the chip maker just matched profit expectations and provided a slightly downbeat revenue outlook. Net income more than doubled, to $771 million, or 47 cents a share, from $299 million, or 18 cents a share, in the same period a year ago. ...