Advanced Micro Devices Stock Is Tumbling Today. Here's What You Need to Know
Shares of Advanced Micro Devices (NASDAQ: AMD) were heading lower today after the chipmaker posted disappointing results and guidance in its first-quarter earnings report. As of 2:44 p.m. ET, the stock was down 7.3% after falling as much as 10% earlier in the session.
Image source: Getty Images.
AMD essentially matched estimates in its first-quarter earnings report. However, investors seemed to want a more bullish forecast on AI chips. Management said it expected to sell $4 billion worth of artificial intelligence (AI) chips this year, but that is still far short of AI leader Nvidia.
Source Fool.com
Advanced Micro Devices Inc. Stock
€149.56
-0.110%
The stock is one of the favorites of our community with 81 Buy predictions and 1 Sell predictions.
With a target price of 177 € there is a slightly positive potential of 18.35% for Advanced Micro Devices Inc. compared to the current price of 149.56 €.
