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

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Club Earnings Nyheter

Jim Cramer,Investment Strategy,Markets

Wall Street's reaction to the quarter continues an up-and-down month for shares of the AI chipmaker.

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.

 

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