Why Is AMD Stock Down 7% After Earnings?

By Neil Rozenbaum – May 1, 2024 at 7:52AM

NASDAQ: AMD

Advanced Micro Devices

Market Cap

$258B

Today's Change

(4.25%) $6.51

Current Price

$159.67

Price as of May 15, 2024, 4:00 p.m. ET

AMD stock is down 35% since early March.

In this video, I go over AMD's (AMD 4.25%) first-quarter earnings report, which beat top- and bottom-line estimates.

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

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.