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Benzinga
Benzinga
Business
Priya Nigam

Why These AMD Analysts Are Cutting Price Targets As Stock Rallies Off Q3 Earnings

AMD Advanced Micro Devices Nasdaq Hans Mosesmann John Vinh Melissa Fairbanks Vijay Rakesh Vivek Arya Xilinx

Advanced Micro Devices, Inc. (NASDAQ:AMD) Tuesday reported downbeat third-quarter revenues and earnings.

Despite the chipmaker warning of a slowdown in PC sales, investors grew optimistic on its share gains from rival Intel Corporation (NASDAQ:INTC) in the data center market.

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