AMD Shares Surge Post-Q3 Earnings: Analysts Weigh In On Future Prospects
Portfolio Pulse from Priya Nigam
Shares of Advanced Micro Devices, Inc. (AMD) surged after the company reported positive Q3 earnings. Analysts from Morgan Stanley, KeyBanc Capital Markets, Raymond James, Bernstein, BMO Capital Markets, and Piper Sandler provided their insights on AMD's future prospects. While the company's data center and AI GPU revenues are expected to grow, concerns were raised about the performance of the embedded and gaming sectors.
November 01, 2023 | 8:14 pm
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AMD's Q3 earnings beat expectations, driving a surge in its stock price. Analysts predict growth in its data center and AI GPU revenues, but there are concerns about the performance of the embedded and gaming sectors.
AMD's positive Q3 earnings have led to a surge in its stock price. The company's data center and AI GPU revenues are expected to grow, which is a positive sign for investors. However, there are concerns about the performance of the embedded and gaming sectors, which could potentially impact AMD's future earnings and stock price.
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IMPORTANCE 80
RELEVANCE 100