BUZZ-PREVIEW: AMD falls ahead of report; focus on AI chip demand
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AMD shares fell 0.3% ahead of quarterly results, focusing on AI chip demand and revenue outlook. Analysts project a 27% revenue increase to $7.42 billion, with adjusted EPS at $0.49, down from $0.69 a year ago. AMD's Q2 revenue forecast is around $7.4 billion, plus or minus $300 million. The stock has surged 45% YTD, outperforming the Nasdaq's 9% gain. Currently, AMD trades at 34x expected earnings, slightly above its 5-year average forward PE of 32.
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