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AMD Stock Drops After Earnings -- Is It Going Lower?

AMD stock dropped after reporting weaker guidance than expected.

By Neil Rozenbaum – Jan 30, 2024 at 6:58PM EST

In this video, I go over AMD's AMD +11.44% fourth-quarter earnings report, which was weaker than expected and left investors unimpressed by the company's guidance. With the premium the market is giving AMD stock, maybe it is due for a pullback.

*Stock prices used were from the trading day of Jan. 30, 2024. The video was published on Jan. 30, 2024.

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Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Advanced Micro Devices Stock Quote
Advanced Micro Devices
NASDAQ: AMD
$455.19
(+11.44%)+$46.73

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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