Advanced Micro Devices Shares Up 4% on Strong Q4 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/AMD'>Advanced Micro Devices, Inc. (NASDAQ:AMD) </a>shares were trading more than 4% higher Wednesday afternoon following the company’s Q4 results, with EPS coming in at $0.92, better than the consensus estimate of $0.76.</p>
<p>According to the analysts at Deutsche Bank, the company’s Q1 and full 2022-year guidance being 16%/11% above the expectations highlight the financial aspects of strong momentum.</p>
<p>Overall, the analysts continue to be impressed with the company’s fundamental performance, and it appears that the worries regarding intensifying competition from INTC, NVDA and ARM have been pushed into 2023. </p>
<p>The analysts raised their price target on the company’s shares to $140 from $120, while reiterating their hold rating.</p>

NASDAQ:AMD