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Advanced Micro Devices (AMD) has shown strong earnings for Q3 FY2024, surpassing revenue expectations. Despite this, AMD's stock price fell by 18% due to concerns over valuation and competition.
December 04, 2024 | 1:30 pm
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AMD's Q3 FY2024 earnings exceeded revenue expectations, but the stock price dropped 18% due to valuation and competition concerns.
Despite strong earnings, AMD's stock price fell due to market concerns about its valuation and competitive pressures. This indicates a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100