AMD’s Shares Soar and Plummet: What’s Next for the Chip Giant?
AMD’s fourth-quarter 2022 revenues reached $7.66 billion, surpassing estimates. Adjusted earnings of $1.09 per share also exceeded expectations, indicating solid performance. First-quarter revenue forecast of $7.1 billion suggests 30% year-over-year growth. Analysts express mixed feelings, citing strong competition from NVIDIA and challenges
