Advanced Micro Devices Inc(NASDAQ:AMD) is set to report first-quarter earnings Tuesday. Wall Street expects 61 cents in EPS and $5.5 billion in revenues when the company reports after market hours.
AMD has been a standout performer in the stock market, soaring 83% over the past year. Artificial intelligence (AI) applications fueled this growth.
However, the year-to-date (YTD) performance of the stock, up 6.95%, indicates a more modest growth trajectory in 2024.
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