Is AMD Stock a Buy Now?
The underdog chipmaker still has pretty sharp teeth.
Advanced Micro Devices' (NASDAQ: AMD) stock price dropped 6% on Feb. 5 after the chipmaker posted its fourth-quarter earnings report. Its revenue rose 24% year over year to $7.66 billion and exceeded analysts' estimates by $132 million, while its adjusted EPS grew 42% to $1.09 and matched the consensus forecast.
Those headline numbers looked impressive, but the decelerating growth of its closely watched data center business likely disappointed the bulls. Let's see if the market overreacted and created a worthwhile buying opportunity for patient investors.
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