Reported about 13 hours ago
Advanced Micro Devices (AMD) has faced a significant decline in stock value, down nearly 32% since May 2024, despite stronger-than-expected Q1 earnings and raised Q2 guidance. Analysts continue to adjust revenue and earnings forecasts downward due to AMD's inability to compete effectively for AI infrastructure demand, heavily dominated by Nvidia. Although AMD's stock valuation appears more attractive now, experts suggest waiting for clearer bullish signals before investing, as the company grapples with a paradox of existing AI demand that is not translating into growth for AMD.
Source: YAHOO