Advanced Micro Devices reported their quarterly earnings Tues. afternoon. Their earnings and revenue beat estimates. They also said their revenue for the second quarter will be in-line with expectations and maintained their full-year earnings guidance thanks you the expected launch of their new 7-nanometer Ryzen, Radeon and EPYC processors in the coming months.
So the news seemed positive, no need to be cautious right, so why are analyst all over the place with their targets? Is it because Intel reported their first annual profit decline since 2015 and said their full-year guidance that was below Wall Street expectations last week.
Morgan Stanley
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