Sign in
AMD-ADVANCED MICRO DEVICES INC

AMD Shares Plummet Over 10% Following Underwhelming Q4 Revenue Guidance Despite Strong Third-Quarter Earnings

Thursday

07 November, 2024

AMD's stock has taken a hit, dropping over 10% despite reporting impressive third-quarter earnings of $6.82 billion. With Q4 revenue guidance falling short of expectations, can the company maintain its momentum in the competitive semiconductor landscape?

article image for AMD

Article Impact Score

0
50
100
Under­perform
Bear­ish
Neu­tral
Bull­ish
Out­perform
22
Key Takeaways
  • AMD's stock has dropped over 10% following a Q3 earnings report that did not meet future expectations.
  • Projected Q4 revenue of $7.5 billion is below analyst forecasts, signaling possible growth slowdown.
  • Weakness in gaming and embedded sectors raises concerns about demand sustainability.
  • Competitive pressures from companies like Nvidia add to the risks facing AMD.
  • A high valuation combined with market caution suggests potential for additional stock declines.
More on ADVANCED MICRO DEVICES INC
Read more insights on ADVANCED MICRO DEVICES INC

Most Read

Join Foliko Premium!

Unlock the entire library of Foliko's Generative AI Investment Research. Plus, get AI powered trading signals and stock price predictions.

Go Premium - 7 Day Free Trial
home-footer-logo

Any content provided on our website is for information purposes only. We do not provide investment advice, nor do we consider ourselves a financial institution. Seek a duly licensed professional for investment advice.