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AMD Falls On Q1 Earnings, Q2 Guidance: Why '1,000% Growth' From AI Stock Is Not Enough For Investors

Benzinga ·  May 1 12:39

Semiconductor giantAdvanced Micro Devices(NASDAQ:AMD) reported first-quarter revenue and earnings Tuesday that beat analyst estimates.

Here is how Wall Street analysts are reacting to the results and updated guidance.

The AMD Analysts:Cantor Fitzgerlad analyst C.J. Muse has an Overweight rating and lowered the price target from $190 to $170.

Mizuho analyst Vijay Rakesh has a Buy rating and lowered the price target from $235 to $215.

Piper Sandler analyst Harsh Kumar has an Overweight rating and lowered the price target from $195 to $175.

Goldman Sachs analyst Toshiya Hari has a Buy rating and lowered the price target from $180 to $175.

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