AMD's post-earnings slide is a buying opportunity. Here's why

Advanced Micro Devices on Tuesday posted a solid set of third-quarter results thanks to strong sales in the data center and PC markets. But shares fell more than 7% in extended trading, as investors wanted to see faster growth in its AI chip business. We're taking the long-term view here. Revenue in the three months ended Sept. 28 advanced 18% year over year to $6.82 billion, topping estimates of $6.71 billion, according to LSEG.

Visitors are walking past the AMD booth at the 2024 Mobile World Congress in Shanghai, China, on June 26, 2024.on Tuesday posted a solid set of third-quarter results thanks to strong sales in the data center and PC markets. But shares fell more than 7% in extended trading, as investors wanted to see faster growth in its AI chip business. We're taking the long-term view here.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Breitbart Business Digest: Wall Street Sides with Harris, Main Street Sides with TrumpSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Wells Fargo shares jump after earnings top Wall Street expectationsThe San Francisco-based lender posted $11.69 billion in net interest income, a 11% decrease from the same quarter last year.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »