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Home Earnings Analysis Tech Summary Advanced Micro Devices, Inc. delivered strong Q3 results, with 45% revenue growth and robust data center performance, but valuation concerns prompt a downgrade to Hold. Despite adjusted net income of $3.47 billion, AMD's free cash flow dropped to $554 million, with inventories and working capital consuming significant resources. Gross margins are expected to decline as Helios and AI accelerators grow, raising concerns about future profitability and cash conversion.
I set a $490 price target for AMD, citing high expectations, dilution risk, and the need for sustained cash flow and margin improvement before upgrading to Buy. JHVEPhoto/iStock Editorial via Getty Images A beautiful tale Today I'm going to tell you the story of a company. A major company, very popular lately for what it builds and achieves.
A truly valid company. When this company announced its quarterly earnings, they stated 5.99K Followers Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions.
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