Wall Street Reacts to AMD Earnings Report After Sky-High AI Expectations

AMD’s earnings report has just landed, and Wall Street wasted no time picking through it. Analysts are measuring the numbers against a bar they had set well in advance, adjusted earnings near $1.61 a share on revenue around $11.31 billion, a level that would confirm management’s own guidance of roughly $11.2 billion and mark close to 46% growth from a year earlier. Options desks had been pricing in a swing of around 12% either way once this AMD earnings report crossed the wire, and that alone shows how much weight this single AMD earnings report was carrying for AMD stock Wall Street sentiment.

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AMD Stock Wall Street Outlook After Earnings Call and AI Test

A Show Me The Money Moment

Heading into the print, the stock had been trading at more than 59 times forward earnings, a multiple that hadn’t left a whole lot of room for a soft quarter, an awkward spot to be in this close to an AMD earnings report. Shares had also been drifting lower for a stretch, even with an AMD stock forecast that stayed tilted bullish on paper the whole way in, at least for the AMD stock forecast crowd that trades on momentum alone.

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