AMD's Q2 Earnings: 9 Analysts Remain Positive On Long-Term Prospects, AI Optimism Tempered By Cost Concerns
AMDAMD(AMD) Benzinga·2024-08-01 02:26

Advanced Micro Devices, Inc. AMD saw its shares surge in its stock price following its second-quarter earnings report, which exceeded expectations.The semiconductor giant reported earnings of 0.69pershare,surpassingtheconsensusestimateof0.69 per share, surpassing the consensus estimate of 0.68, and sales of 5.835billion,alsoaheadofthe5.835 billion, also ahead of the 5.724 billion forecast. Here's how analysts from top firms reacted to AMD's latest performance.BofA Securities: Cautious Optimism Amidst Rising CostsBofA Securities analyst Vivek Arya maintains a Buy rating but ...