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By Rodrigo Santos Andrade
Advanced Micro Devices is out with its fourth quarter results, beating Wall Street’s expectations on adjusted earnings ($1.53 per share vs. estimates of $1.32) and revenue ($10.27 billion vs. estimates of $9.6 billion). While the AI chipmaker’s first quarter revenue forecast also outpaced forecasts, the stock is falling in Tuesday’s after-hours trading. We analyze the results.
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