From Nasdaq: 2024-04-30 18:00:07

Advanced Micro Devices (AMD) reported revenue of $5.47 billion for Q1 2024, up 2.2% from the previous year, with an EPS of $0.62. Key metrics like Data Center revenue (+80.5%) and Client revenue (+85.1%) exceeded analysts’ estimates, positioning the stock with a Zacks Rank #2 (Buy).

Investors focus on AMD’s financial health through metrics like revenue and earnings changes. The company’s strong performance in key areas like Data Center and Client revenue in Q1 2024 surpassed analyst expectations. With a Zacks Rank #2 (Buy), AMD’s stock has potential for outperforming the broader market in the near term.

Zacks experts have identified an American AI company as a top pick with potential for significant growth, citing clients like BMW and GE. Past Zacks picks like Boston Beer and NVIDIA have seen substantial gains, and this pick is projected to follow suit. Download Zacks’ “7 Best Stocks for the Next 30 Days” for more recommendations.



Read more at Nasdaq: Here’s What Key Metrics Tell Us About Advanced Micro (AMD) Q1 Earnings