Is AMD Stock Buy, Sell, or Hold?
Advanced Micro Devices (AMD) shares rose 25% last week amid a broader chip-stock rally, with the company's data center segment revenue surging in Q4. AMD is set to report first-quarter results on May 5, with investors debating whether the stock is a buy, sell, or hold.
Advanced Micro Devices (AMD) shares rose about 25% last week following a broader chip-stock rally after Intel and Texas Instruments reported strong quarterly results. AMD's data center segment revenue hit a record $5.4 billion in Q4, up 39% year over year. The company's Q4 revenue was $10.3 billion, up 34% year over year. AMD's full-year revenue was $34.6 billion, also up 34%. The company is scheduled to report first-quarter results on May 5, with management expecting revenue of about $9.8 billion. AMD's data center segment is gaining momentum, driven by demand for its EPYC server CPUs and Instinct GPU shipments.
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