Why is AMD crashing?
10/30/2024 08:10am
The stock price of AMD has experienced a decrease of 7.58% on October 29, 2024. AMD's stock decline can be attributed to the following factors:
1. **Soft Q4 Revenue Guidance**: Despite reporting strong third-quarter financial results with record revenue, AMD's guidance for the fourth quarter was slightly below analysts' expectations. This could have led to concerns about the pace of AI-related growth and caused a negative reaction from investors.
2. **Challenges in Gaming and Embedded Segments**: While AMD's data center revenue saw a significant increase, there were challenges in the gaming and embedded segments, which could have impacted the overall growth prospects of the company.
In conclusion, AMD's stock crash is likely a result of a combination of factors including soft Q4 revenue guidance and challenges in gaming and embedded segments.