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AMD Maintains 'Sector Perform' Rating Amid Quarterly Earnings Beat

Guavy AI Editorial Team
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CAD
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Advanced Micro Devices (AMD) has maintained its 'sector perform' rating by Royal Bank Of Canada, which also set a price target of $540.00 on the semiconductor manufacturer's stock.

This indicates a potential upside of 11.63% from AMD's current price of $483.74 per share. The company's shares have been trading with a volume of 27,727,094 shares compared to its average volume of 36,166,105.

AMD reported quarterly earnings data on August 4th, which exceeded the consensus estimate of $1.62 with a profit of $1.66 per share. The company's revenue for the quarter was $11.54 billion, up 50.1% compared to the same period last year.

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