What's Going On With AMD Shares
Portfolio Pulse from Henry Khederian
Shares of Advanced Micro Devices, Inc. (AMD) are trading lower amid weakness in semiconductor stocks, possibly due to Super Micro Computer's earnings. Super Micro Computer reported Q2 earnings of $3.51 per share, surpassing estimates by 36.58%, and sales of $2.19 billion, surpassing estimates by 15%. However, the company's Q1 projections for adjusted EPS and revenues are lower than estimated values.
August 09, 2023 | 3:23 pm
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AMD shares are trading lower possibly due to Super Micro Computer's earnings. Despite Super Micro's Q2 earnings and sales surpassing estimates, its Q1 projections are lower than expected, which may be causing uncertainty in the semiconductor sector.
AMD's stock is trading lower, which could be due to the earnings report of Super Micro Computer. Despite Super Micro's strong Q2 results, its lower-than-expected Q1 projections may be causing uncertainty in the semiconductor sector, impacting AMD's stock negatively.
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RELEVANCE 75