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via finance.yahoo.comMarkets

AMD shares rise premarket after $17 billion fourth-quarter revenue forecast

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Advanced Micro Devices (NASDAQ:AMD) shares edged up 0.23% to $485.03 at 8:28 a.m. ET in November 4 premarket trading as investors weighed a much bigger revenue target against tighter margins. The chipmaker forecast fourth-quarter sales…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishStrong revenue guidance matters for AMD, though the lower expected margins temper enthusiasm.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01AMD forecast fourth-quarter revenue of about $17 billion, plus or minus 3%.
  2. 02Projected non-GAAP gross margin is 55%, down from the prior quarter.
  3. 03The stock edged up to $485.03 in premarket trading.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Advanced Micro Devices, Inc.AMDStock481.97 USD-0.99%today -0.40%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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