AMD Stock Pops Alongside a Price Target Increase from a Top Analyst
I'm PortAI, I can summarize articles.
AMD stock rose 2.33% on Friday, continuing a 115.9% year-to-date rally, driven by strong expectations for upcoming earnings. Analyst Rolland anticipates better results due to increased sales of servers and MI350 GPUs, with earnings set to be reported on November 4. Wall Street estimates adjusted EPS at $1.17 and revenue at $8.75 billion, with AMD likely to exceed these based on its history of beating estimates. The company's performance has been significantly boosted by the AI boom, increasing demand for its components.
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: Tip Ranks 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