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home / news releases / META - AMD: Uptrend In Danger Of Reversal (Technical Analysis)

META - AMD: Uptrend In Danger Of Reversal (Technical Analysis)

Meta Platforms Inc

2024-05-02 09:30:00 ET

Summary

  • AMD slightly beat earnings expectations with $0.62 per share, but gaming segment sales declined by 48%.
  • The company expects AI chip sales to reach $4 billion in 2024, up from previous guidance of $3.5 billion.
  • AMD's stock price is facing selling pressure and technical indicators suggest a bearish outlook, with potential support zones at $121.20 and $93.12.

Advanced Micro Devices, Inc. (AMD) slightly surpassed consensus expectations with its earnings release for the first-quarter period, posting per-share earnings figures of $0.62 (against market estimates of $0.61) on revenues of $5.47 billion (against market estimates of $5.46 billion)....

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AMD: Uptrend In Danger Of Reversal (Technical Analysis)
Stock Information
Company Name: Meta Platforms Inc
Stock Symbol: META
Market: NASDAQ
Website: facebook.com
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