Posted 12/13/2023, 10:45:13 PM
AMD Stock Rises Slightly But Trails Broader Market; Earnings Growth Expected Despite Premium Valuation
- AMD stock rose 0.42% but underperformed the broader market (S&P 500 up 1.37%)
- AMD earnings and revenue projected to increase in upcoming quarterly results
- AMD stock has Zacks Rank #3 (Hold) based on recent analyst estimate changes
- AMD stock trading at premium valuation compared to industry averages
- AMD's industry group ranks in bottom 31% out of 250+ Zacks industries