What’s Going On With AMD Stock Thursday?



Advanced Micro Devices, Inc (NASDAQ:AMD) stock traded higher Thursday in sympathy with Nvidia Corp (NASDAQ:NVDA) after the latter’s upbeat quarterly results and guidance.

Nvidia reported fourth-quarter revenue of $22.10 billion, up 265% year-over-year, above the Street estimate of $20.62 billion. The adjusted EPS of $5.16 beat the Street consensus estimate of $4.64.

Also Read: Analysts Eye AMD and Nvidia’s AI Rivalry: Who Leads the Tech Race?

Nvidia expects its first-quarter revenue of $24.0 billion, plus or minus 2%, above the Street consensus estimate of $22.16 billion.

Analysts consider AMD as the second most vital artificial intelligence beneficiary after Nvidia.

Meanwhile, …

Full story available on Benzinga.com


Leave a Reply

Your email address will not be published. Required fields are marked *