AMD shares are trading lower following in-line Q2 revenue guidance. Gaming and Embedded segment revenues also declined year over year.
Portfolio Pulse from Benzinga Newsdesk
AMD shares are trading lower due to in-line Q2 revenue guidance and a year-over-year decline in Gaming and Embedded segment revenues.

April 30, 2024 | 8:18 pm
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AMD's stock is trading lower following the announcement of in-line Q2 revenue guidance and a decline in Gaming and Embedded segment revenues year over year.
The in-line Q2 revenue guidance suggests that AMD's financial performance may not exceed market expectations, which can lead to negative investor sentiment. Additionally, the decline in Gaming and Embedded segment revenues year over year indicates potential challenges in these key business areas, further contributing to the negative outlook for AMD's stock in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100