What's Going On With AMD Shares
Portfolio Pulse from Henry Khederian
Shares of Advanced Micro Devices, Inc. (AMD) are trading higher following strong Q4 financial results from Lam Research. Lam Research reported Q4 adjusted earnings of $5.98 per share, surpassing the analyst consensus estimate of $5.07. However, this represents a 32.28% decrease compared to earnings of $8.83 per share from the same period last year. The company also reported quarterly sales of $3.21 billion, exceeding the analyst consensus estimate of $3.13 billion.
July 27, 2023 | 3:19 pm
News sentiment analysis
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NEUTRAL IMPACT
Lam Research reported strong Q4 results, surpassing analyst estimates. However, earnings and sales decreased compared to the same period last year.
Lam Research's strong Q4 results surpassed analyst estimates, which could have a positive impact on its stock. However, the YoY decrease in earnings and sales could offset this positive sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
AMD shares are trading higher following strong Q4 results from Lam Research. This could indicate a positive sentiment in the semiconductor and chip stocks sector.
AMD shares are trading higher, likely due to the positive sentiment generated by Lam Research's strong Q4 results. This could indicate a positive outlook for the semiconductor and chip stocks sector, which AMD is a part of.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75