Why AMD Stock Is Plummeting Today
I'm PortAI, I can summarize articles.
AMD's stock fell 9.2% following its Q2 earnings report, despite meeting earnings expectations and exceeding sales forecasts. The company reported adjusted earnings per share of $0.48 on revenue of $7.69 billion, with year-over-year sales growth of 31.7%. However, slower-than-expected growth in AI GPU sales led to investor concerns, prompting a sell-off. AMD's guidance for Q3 sales is between $8.4 billion and $9 billion, indicating potential year-over-year growth of 28%. Despite the pullback, the stock may still appeal to long-term growth investors.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Motley Fool The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments