From Nasdaq, Inc.:

AMD’s stock fell 3% after posting its fourth-quarter earnings report. Revenue rose 10% year over year to $6.17 billion, exceeding analyst estimates. Adjusted earnings grew 12% to $0.77 per share. Despite a strong year, AMD faces a challenging PC market and uncertain growth prospects. The company expects revenue to stay flat in Q1 2024, disappointing analysts’ expectations. With a forward earnings multiple of 44, the stock may be overvalued and underperform its peers in the near term.



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