AMD: Q3 Earnings Reset Expectations, Growth Acceleration Phase Warrants Higher Valuation

Advanced Micro Devices' (NASDAQ: AMD ) stock fell more than 10% following a lackluster 3Q FY2024 earnings report. While the results were not disastrous, investor expectations were high, as the stock currently trades at a premium multiple. The company beat revenue expectations, but itsI'm specialized in fundamental equity research, global macro strategy, and top-down portfolio construction. I graduated from UCLA with a degree of Business Economics and UMich Ross School of Business with a Master of Accounting ...