Watching Advanced Micro Devices; Hearing Traders Circulating Baird Note Suggesting Reduced 2024 Estimates For Next Year On Lowered Data Center Revenue
Portfolio Pulse from Benzinga Newsdesk
Traders are circulating a note from Baird that suggests reduced 2024 estimates for Advanced Micro Devices (AMD) due to lowered data center revenue expectations for the next year.
October 05, 2023 | 1:50 pm
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AMD's 2024 estimates are expected to be reduced due to lowered data center revenue expectations for the next year, according to a note from Baird.
The note from Baird, which is being circulated among traders, suggests that AMD's 2024 estimates will be reduced due to lowered data center revenue expectations for the next year. This could negatively impact AMD's stock price in the short term as it indicates potential future revenue declines.
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