AMD stock moved up in Wednesday’s session, jumping about 4% to $28.72 after Advanced Micro Devices Inc. (NASDAQ:AMD) released its first-quarter results, topping analyst estimates.
At the peak of earnings season, Advanced Micro Devices delivered its earnings for the first fiscal of 2019, and in a development that would come as good news for investors, the company managed to beat analyst expectations comfortably.
Solid NumbersWhen a company beats Wall Street estimates, then its stock often goes up in response, and AMD stock performance in the quarter is another proof of that. The chip-making ...
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