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AMD Expects to Go Head to Head With Nvidia. So, Why Did the Stock Drop After Earnings?

AMD now expects AI GPU revenue to exceed $5 billion in 2024.

By Neil Rozenbaum – Oct 30, 2024 at 6:36AM EST

In this video, I go over Advanced Micro Devices's (AMD 0.67%) third-quarter earnings report, which was not good enough to keep the stock from dropping. Watch the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were from the trading day of Oct. 29, 2024. The video was published on Oct. 29, 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
$445.30
(-0.67%)-$2.99

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

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