Is AMD Stock Due for a Big Rally After Its Earnings Beat?
Advanced Micro Devices (NASDAQ: AMD), also known as AMD, reported earnings on May 6, and they were impressive. The chipmaker has been showing signs of progress and a faster growth rate. That could be indicative of the competition that its chips may offer to rival Nvidia, potentially giving the tech giant something to worry about.AMD's stock has been struggling over the past couple of years, while Nvidia has been soaring. But with stronger results and some encouraging growth prospects, is it now time for AMD's stock to shine? Could the company's recent earnings numbers be a catalyst to drive its valuation far higher this year?Image source: Getty Images.Continue reading
Advanced Micro Devices (NASDAQ: AMD), also known as AMD, reported earnings on May 6, and they were impressive. The chipmaker has been showing signs of progress and a faster growth rate. That could be indicative of the competition that its chips may offer to rival Nvidia, potentially giving the tech giant something to worry about.
AMD's stock has been struggling over the past couple of years, while Nvidia has been soaring. But with stronger results and some encouraging growth prospects, is it now time for AMD's stock to shine? Could the company's recent earnings numbers be a catalyst to drive its valuation far higher this year?
Image source: Getty Images.
