AMD (AMD) shares fell 8.5% in premarket trading on Wednesday as investors likely expected a larger increase in its guidance for the coming quarter.
However, several Wall Street firms reacted positively, with a number raising their price targets on the Dr
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Entering text into the input field will update the search result below Quick Insights Investors expected an even larger guidance increase, resulting in disappointment and share price drop, despite revenue and margin guidance beating consensus. Most analysts view guidance positively and have raised price targets, though some caution the company’s high valuation is hard to justify unless exceptionally high growth continues. Many analysts reaffirmed Buy/Outperform ratings and raised price targets, suggesting continued optimism amid short-term volatility