Key Points
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Advanced Micro Devices (NASDAQ: AMD) reported a 50% year-over-year revenue increase in Q2, totaling $11.5 billion, with data center revenue more than doubling to $6.7 billion.
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As of now, AMD shares are trading at approximately $465, about 20% below the 52-week high of $584.73 reached on June 30, and well above the 52-week low of $149.22.
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The stock’s price-to-earnings ratio is currently around 42, down from 53 at its peak in June, with analysts projecting earnings near $11 per share for the upcoming year.
5 Stocks Our Experts Predict Could Double In the Next Year
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