AMD Q3 Earnings On Deck: Mixed Signals On Charts As AI, Server Gains Take Focus
Portfolio Pulse from Surbhi Jain
Advanced Micro Devices Inc (AMD) is set to report its Q3 earnings, with Wall Street expecting 92 cents EPS and $6.71 billion in revenue. The stock has shown a mixed technical picture, with bullish short-term signals but potential resistance at longer-term levels. Analysts maintain a 'Buy' rating with a price target suggesting a 33% upside.
October 28, 2024 | 8:25 pm
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AMD is reporting Q3 earnings with expectations of 92 cents EPS and $6.71 billion in revenue. The stock shows mixed technical signals, with bullish short-term trends but potential resistance at longer-term levels. Analysts maintain a 'Buy' rating with a price target suggesting a 33% upside.
The upcoming earnings report is a significant event for AMD, with expectations of strong EPS and revenue. The stock's technical indicators show mixed signals, but the overall analyst sentiment is positive with a 'Buy' rating and a substantial upside potential. This suggests a likely positive impact on the stock price in the short term.
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