AMD Preliminary Earnings Miss by $1.1 Billion -- Is AMD Stock a Buy Now?

By Eric Cuka – Oct 7, 2022 at 7:00AM

NASDAQ: AMD

Advanced Micro Devices

Market Cap

$254B

Today's Change

(2.37%) $3.64

Current Price

$157.40

Price as of April 26, 2024, 4:00 p.m. ET

AMD just announced a huge top-line revenue miss, but is it already baked into the stock price?

Advanced Micro Devices (AMD 2.37%) stock is under pressure after the company announced preliminary third-quarter earnings. Is AMD stock a buy now, or is it headed lower? Watch the video below for an AMD stock update and potential price targets for the stock.

*Stock prices used in the below video were during the trading day of Oct. 6, 2022. The video was published on Oct. 6, 2022.

Eric Cuka has positions in Advanced Micro Devices. The Motley Fool has positions in and recommends Advanced Micro Devices. The Motley Fool has a disclosure policy. Eric Cuka is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.