AMD Stock Is Getting Hammered This Week: What's Going On?
Portfolio Pulse from Henry Khederian
AMD shares fell 14% after Q3 results, despite exceeding revenue expectations. Data center growth was strong, but gaming revenue declined. Analysts see potential in AI and data center expansion, with the MI300 chip as a key driver. AMD forecasts Q4 revenue growth.
November 01, 2024 | 2:24 pm
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AMD's stock dropped 14% after Q3 results, despite beating revenue expectations. Strong data center growth was offset by declines in gaming revenue. Analysts are optimistic about AI and data center expansion, with the MI300 chip as a key driver.
Despite exceeding revenue expectations, AMD's stock fell due to concerns over declining gaming revenue and conservative Q4 guidance. However, analysts are optimistic about future growth in AI and data center segments, particularly with the MI300 chip.
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IMPORTANCE 90
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