New Delhi, Nov. 5 -- Advanced Micro Devices stock price fell nearly 3.7 per cent to $250.05 at close and 3.72 per cent in extended trading hours to $240.76 on NASDAQ on November 4, despite the chipmaker reporting third-quarter results and guidance above Wall Street's forecast.
The semiconductor stock has given multibagger returns by surging over 148.58 per cent in six months and 107.29 per cent in terms of year-to-date (YTD).
The chipmaker posted record revenue of $9.25 billion, marking a 36 per cent year-over-year increase, with a non-GAAP EPS of $1.20.
CEO Lisa Su called it an "outstanding quarter," driven by strong, broad-based demand for EPYC data center processors, Ryzen CPUs, and Instinct AI accelerators.
"We delivered an outsta...
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