Advanced Micro Devices remains competitive but faces challenges in segments outside datacenter. Discover why AMD stock's valuation may not be justified now.
Advanced Micro Devices shares fell nearly 10% on Wednesday after the chip company's revenue forecast failed to impress investors looking for a bigger windfall from the AI boom.
Revenue: US$6.82b (up 18% from 3Q 2023). Net income: US$771.0m (up 158% from 3Q 2023). Profit margin: 11% (up from 5.2% in 3Q 2023). The increase in margin was driven by higher revenue.
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