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AMD Crushes Q2 Earnings, Raises Long-Term AI Growth Forecasts

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The Story

News Summary

  • AMD reported strong Q2 results driven by AI demand and raised its long-term growth outlook.
  • Management expects to significantly exceed previous revenue and EPS targets, signaling accelerating growth.
  • Despite a high P/E, analysts remain bullish, viewing the valuation as justified by robust future earnings.
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AMD price history

516.13 +140.00% over the displayed period

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