AMD Shares Rise 14% on Strong Q1 Results, Raised Guidance and Analyst Upgrades
Advanced Micro Devices (NASDAQ:AMD) stock surged nearly 14%, reaching $406 after reporting better-than-expected first-quarter revenue of $10.25 billion (+38% YoY), raising its second-quarter guidance to $11.2 billion, and receiving a price target increase from Goldman Sachs.
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Topics: AMD data center revenue Goldman Sachs upgrade Q1 earnings beat Q2 guidance lift