Wicki58
Summary
- Advanced Micro Devices, Inc. reported solid Q2 beats for its top and bottom lines on Tuesday.
- The company was guided to strong revenue growth for Q3 that was more than analysts were looking for.
- Even with shares dropping considerably from their highs, the valuation here isn’t entirely appetizing just yet.
While the last couple of years have seen dramatic gains in many semiconductor stocks, some recent months haven’t been as kind to shareholders. One such name is Advanced Micro Devices, Inc. (NASDAQ:AMD), which has seen shares drop nearly 40% from their all-time high in March. On Tuesday afternoon, the company reported its Q2 2024 results and the decent numbers should help this name find a more solid foundation.
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