Analysts reset AMD stock price target after earnings
Advanced Micro Devices (AMD) reported its Q4 earnings on February 3. The earnings release beat consensus estimates, but company guidance disappointed investors, and the stock is crashing, trading about 16% lower at the time of writing, Wednesday morning, Feb. 4, according to Yahoo Finance.
“Our AI business is accelerating, with the launch of MI400 series and Helios representing a major inflection point for the business as we deliver leadership performance and [total cost of ownership] at the chip, compute tray, and rack level,” said AMD CEO Lisa Su during the earnings call.
“Based on the strength of our EPYC and Instinct roadmaps, we are well positioned to grow data center segment revenue by more than 60% annually over…
