AMD Stock Tumbles After Earnings -- Is Now the Time to Buy This Top AI Stock?
Key PointsAdvanced Micro Devices had a lackluster quarter, leading the analysts to lower their targets.Guidance is good and forecasts a sequential acceleration and a YOY acceleration compared to last quarter.Analysts remain bullish on this stock and see it advancing by double-digits.Advanced Micro Devices share prices inflated in 2023 and early 2024 on hopes for an AI boom like NVIDIA . The share price is down 35% from that peak because the boom didn’t happen, or did it?