AMD is set to report its Q2 2016 earnings on July 21st. Despite reporting a 19% and 33% year-over-year decline in its Q1 2016 revenue and non-GAAP earnings per share, respectively, the company’s stock price has surged by more than 100% in the last three months. We do believe that the company could see a turnaround in revenue growth in the second half of the year, but we feel that the growth drivers do not fully justify the significant increase in stock price. (Read: What Caused The Sudden Surge In AMD’s Stock Price? Why We Believe The Market May Have Over-Reacted) 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.

from Forbes – Tech http://ift.tt/2acGNqe
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