Analysts revise AMD stock price targets after earnings

Following the market’s close on Tuesday, April 30, the stock of Advanced Micro Devices (NASDAQ: AMD) – on of the main semiconductor firms in the world and Nvidia’s (NASDAQ: NVDA) competitor in the artificial intelligence (AI) chip race – took a significant extended trading hit after releasing its earnings report for the first quarter of 2024.While AMD managed to slightly beat expectations and logged $0.62 earnings-per-share (EPS) compared to the estimated $0.61 and revenue of $5.47 against the forecast $5.4 ...