Reported 2 days ago
Wall Street remains optimistic about Advanced Micro Devices (AMD), despite a recent 4.12% decline in its stock. The company exceeded revenue expectations by $255.65 million and maintains a stable EPS of $0.48. Analysts project a 16.97% rise in stock price over the next year, with strong endorsements from Bank of America and Truist, citing increasing demand from data centers and advancements in AI. AMD anticipates approximately $8.7 billion in revenue for Q3 2025, reflecting a 28% annual growth.
Source: YAHOO