AMD Shares Surge 9% on Q1 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/AMD'>Advanced Micro Devices, Inc. (NASDAQ:AMD) </a>shares rose around 9% on Wednesday following the company’s reported Q1 results, with non-GAAP EPS coming in at $1.13, significantly above the Street estimate of $0.91. </p>
<p>Deutsche Bank analysts provided their views on the quarterly results, highlighting that the company is successfully navigating macro uncertainties and they expect the company’s Q2 guidance and full 2022-year outlook (revenue growth of above 60% year-over-year) to potentially prove to be conservative.</p>
<p>Overall, the analysts remain thoroughly impressed with the company’s execution in its core businesses and are confident of the XLNX acquisition’s ability to broaden the combined company’s processing and networking portfolio/customer base. </p>
<p>Deutsche Bank looks forward to the upcoming Analyst Day (June 9th) where it will get additional color on the company’s business profile and long-term roadmap with the inclusion of XLNX.</p>

NASDAQ:AMD