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Where Will AMD Stock Be In 1 Year?
Its adjusted earnings per share fell 25% to $0.69, but still cleared the consensus forecast by two cents. AMD’s stock rose slightly after that report, which looked a lot better than Intel’s disastrous numbers, but its stock remains down 31% over the past 12 months. AMD’s revenue rose 44% to $23.6 billion in 2022, but a lot of that growth came from its acquisition of the programmable chipmaker Xilinx last February.
