💰📉💡 Chipocalypse: AMD Tumbles 6% Post-Q1 Earnings 💡💰📉
In a seismic shift, AMD's stock ($AMD) took a nosedive of up to 6% following the unveiling of their Q1 2024 earnings report. Despite slightly outpacing expectations with a revenue tally of $5.5 billion and an EPS figure of $0.62, the tech titan suffered a notable setback.
Notably, AMD experienced a meteoric 80% surge in data center revenue year-over-year, hinting at potential growth avenues. However, this silver lining was clouded by the fact that the stock now languishes approximately 38% below its recent pinnacle.
As concerns loom over the trajectory of chip stocks, investors brace themselves for further turbulence in this volatile sector.
In the realm of chips, uncertainty reigns supreme as AMD's tumble disrupts the tech dream. But fear not, investors, for fortunes may sway, in this game of stocks, it's adapt or dismay!
Would you look at buying around $140-145?
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