NEW YORK, July 30, 2026, 07:59 EDT

• AMD traded 3.7% higher at $445.33 before the bell, after sliding 5.5% on Wednesday.
• Initial consensus forecasts indicate 2028 earnings at approximately $20 per share. Achieving a doubling from Wednesday’s close would need a multiple of 42.96 times.
• Advanced Micro Devices, Inc. is set to release its second-quarter results after market close on August 4.

Shares of Advanced Micro Devices recovered ahead of Thursday’s market open, while U.S. cash markets remained closed.

The rebound came after a $25.06 drop on Wednesday. AMD finished at $429.56, marking its lowest close since early July.

However, the primary issue for major investors is valuation….