Buying This Artificial Intelligence (AI) Chip Stock Is a No-Brainer After This Development
Advanced Micro Devices (NASDAQ: AMD) stock fell following the release of the company's fourth-quarter 2024 results on Feb. 4, and a closer look at the company's quarterly performance and outlook indicates that investors may have overreacted.AMD not only delivered impressive growth and beat Wall Street's expectations on both revenue and earnings, but its guidance for the current quarter also exceeded consensus estimates. However, the stock was punished and fell 6% the following day as AMD's data center revenue was not up to the mark.Let's see why AMD investors pressed the panic button.Continue reading
Advanced Micro Devices (NASDAQ: AMD) stock fell following the release of the company's fourth-quarter 2024 results on Feb. 4, and a closer look at the company's quarterly performance and outlook indicates that investors may have overreacted.
AMD not only delivered impressive growth and beat Wall Street's expectations on both revenue and earnings, but its guidance for the current quarter also exceeded consensus estimates. However, the stock was punished and fell 6% the following day as AMD's data center revenue was not up to the mark.
Let's see why AMD investors pressed the panic button.
