AMD Stock Price Forecast – AMD at $159 With Q2 Revenue Beat and AI Momentum
Advanced Micro Devices (NASDAQ:AMD) Stock Analysis: Growth Momentum, AI Uncertainty, and Valuation
Earnings Performance and Market Reaction for NASDAQ:AMD
Advanced Micro Devices (NASDAQ:AMD) is trading near $159.40 after sliding 0.94% in the last session, despite beating Q2 revenue expectations. The company posted $7.7 billion in quarterly sales, above the $7.42 billion consensus, while adjusted EPS came in at $0.48, matching estimates but marking a 30% year-over-year decline. Investors initially pushed the stock higher, but the shares reversed lower as traders looked for stronger upside after a three-month rally of nearly 50%. Gross margin guidance for Q3 was set at 54%, in line with last year, while revenue guidance stood at $8.7…
