AMD Can Surprise Wall Street As The Second-Best AI Play
AMDAMD(AMD) Seeking Alpha·2024-08-30 03:06

JHVEPhoto Advanced Micro Devices, Inc.'s (NASDAQ:AMD) better-than-expected Q2 earnings did not deliver a good bullish run in the stock. The sentiment around the stock has improved, but Wall Street is still waiting to see if the company can deliver on its promises. The company beat revenue estimate by $113 million and EPS estimate by 1 cent in the recent earnings. However, the bigger news was the announcement of the stronger growth trajectory for Data Center GPUs. AMD has increased the 2024 revenue estimate ...