AMD reports $6.82B in revenue, meeting expectations, amid stake adjustments by investors.

Several hedge funds and institutional investors have adjusted their stakes in Advanced Micro Devices (AMD), with New Millennium Group LLC reducing its holdings by 3.0% and Fortis Advisors LLC increasing by 66.7%. AMD's CEO Lisa T. Su and EVP Forrest Eugene Norrod have sold shares, while the company reported $6.82 billion in revenue and $0.92 earnings per share, meeting analyst expectations. Analysts rate AMD as a "Moderate Buy" with an average price target of $192.79. The stock has a market cap of $223.62 billion and a P/E ratio of 125.16.

November 19, 2024
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