Time to Buy AMD's Stock After Exceeding Q2 Expectations?
AMDAMD(AMD) ZACKS·2024-08-01 04:50

As we continue receiving quarterly results from big tech firms, AMD (AMD)  stands out after exceeding its Q2 top and bottom line expectations Tuesday evening.With AMD shares spiking over +10% in this morning's trading session, investors may be wondering if it’s time to buy stock in the chip leader following its favorable Q2 Report.AMD’s Q2 Results AMD’s Q2 growth was driven by its Instinct, Ryzen, and EPYC processors which accelerate AI workloads. Designed to compete with Nvidia’s (NVDA)  AI chips, the Inst ...