AMD’s stock price has risen by more than 40% since the company reported its Q1 2016 earnings on April 21st, even though revenue and non-GAAP earnings per share were down 19.2% and 33.3% year on year, respectively. (Read Our Earnings Review) Even though AMD is making considerable progress on its strategy to improve its business by gaining share in the graphics and PC markets, growing its semi-custom business and expanding into the data center market, it continues to incur losses. Here’s what caused the stock price to shoot up and why we believe the market may have over-reacted.

from Forbes – Tech http://ift.tt/26PWBX0
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