No bad news of its own, yet it plunged nearly 20% in two days. 📉
AMD fell 10.9% on Friday and another 7.5% on Monday, closing at $466.84.
What dragged it down was Intel’s warning about PCs, not its own earnings report.
It reports Q3 results after the market closes tomorrow morning. Revenue is expected to hit $13.1 billion; investors will be watching its guidance and Helios shipments.
I think this is a sentiment-driven drop, not a fundamental one. Let’s see if it can reclaim $500 tomorrow morning.
$AMD
AMD fell 10.9% on Friday and another 7.5% on Monday, closing at $466.84.
What dragged it down was Intel’s warning about PCs, not its own earnings report.
It reports Q3 results after the market closes tomorrow morning. Revenue is expected to hit $13.1 billion; investors will be watching its guidance and Helios shipments.
I think this is a sentiment-driven drop, not a fundamental one. Let’s see if it can reclaim $500 tomorrow morning.
$AMD
