Amd suffers its biggest stock market crash in 12 years

AMD is coming off a good streak of IPO that has lasted for several months, a climb that has finally come to an end after the company has announced its financial results.

AMD sinks in the stock market with a fall of 24%

AMD has reported revenues of $ 984 million, which is 18% more than in the same period last year, and losses of $ 29 million, which is much lower than the value of 73 million last year. This situation has led the company to fall 24% on the stock exchange, which translates into a value per share of $ 10.30. This drop is close to the 26.2% that the company left on January 11, 2005.

Christopher Rolland, an analyst at Susquehanna Financial, says AMD's new products are starting to accelerate the company's growth, but are unable to deliver the expected profit margins. This same analyst expects AMD shares to stabilize at around $ 12 a share. On the other hand, Stephen Chin, an analyst at UBS, is more pessimistic and expects the value of the shares to finally be at $ 9.

Ryzen 7 1800X Review in Spanish (Complete Analysis)

Shares of AMD have been climbing for practically a year when the Polaris-based Radeon RX 400 graphics cards were announced, a solution that offers very good performance at a contained price and with fairly correct energy efficiency. This start of the year has been carried out by AMD Ryzen processors that have been shown as an exceptional alternative to Intel. It seems that it has not been enough to avoid the losses of the company, it will be necessary to see how it evolves in the coming months.

Source: techpowerup