AMD to Report Fiscal Second Quarter Results After Market Close Today
August 3, 2022
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Advanced Micro Devices ($NASDAQ:AMD) is set to report its fiscal second quarter results after the market closes today. The company’s larger rival, Intel Corp.oration, missed the Street’s revenue estimates for the quarter last week, and investors are wondering if AMD’s top line will suffer a similar fate. It remains to be seen how this will affect AMD’s market and earnings in the long term, but it will certainly be something to watch closely.
Since the news was published, sentiment around the stock has been mostly positive.
Company’s fundamentals reflect its long term potential. The below analysis of ADVANCED MICRO DEVICES is made simple by VI app. VI Star Chart shows that ADVANCED MICRO DEVICES is strong in asset, profitability, growth, and weak in dividend. ADVANCED MICRO DEVICES has a high health score of 8/10 with regard to its cashflows and debt, is capable to safely ride out any crisis without the risk of bankruptcy. ADVANCED MICRO DEVICES is classified as ‘gorilla’, a type of company that achieved stable and high revenue or earning growth due to its strong competitive advantage. At the right price, it is suitable for those who wants to invest for high capital gains. High growth companies are deemed more risky as they attempt to grow faster.
Investing in Advanced Micro Devices (AMD) may be a good idea based on recent positive news. AMD has been struggling in recent years, but this could be a turning point for the company.
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