AMD Shares Slide After Earnings Report
Downturn Expected to be Short-Lived
Shares of Advanced Micro Devices (NASDAQ: AMD) fell as much as 5.5% on Wednesday morning following the chip designer's fourth-quarter earnings report. AMD shares (AMD -1.14%) dropped more than 3% in after-hours trading Tuesday. For the first quarter, AMD reported net income of $123 million, or 7 cents a share, swinging from a...
Price as of April 29, 2024, 4:00 p.m.
AMD's downturn shouldn't last long thanks to multiple AI-related catalysts. Investors have been cautious on AMD shares (AMD -2.11%) lately, sending them down 26% from their March peak, in part due to concerns about Nvidia Corp's (NVDA -2.07%) Find out how AMD's earnings met expectations but still led to a stock...
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