AMD Stock Drops Despite Market Gains; Lackluster Earnings Growth Expected
• AMD stock fell 0.31% despite market gains; it's down 17.83% in the past month • Upcoming AMD earnings expected to show no growth vs last year, but 1.24% higher revenue • For the full year, forecasts call for 30.57% EPS growth and 11.65% revenue growth • AMD trades at a premium valuation based on forward P/E and PEG ratios • AMD stock has a Zacks Rank #3 (Hold); semiconductor industry ranks in bottom 27% of Zacks sectors