AMD (NYSE: AMD) is trading off today and is not much above its 52-week low. The reason may be a note out of JP Morgan picked up at Barron’s. The analysis sees AMD missing its guidance and revises down the bank’s estimates for EPS.
No one should be surprised. The company has not been talking up its quarter. AMD still issues fairly worthless press releases almost every day, but CEO Hector de J. Ruiz has not been very visible.
If AMD misses the first quarter and guidance is poor, the stock could slide to under $4. At that point, the company might even get itself sold to Nvidia (NASDAQ: NVDA) or another company that would like a toe-hold in the x86 market.
Douglas A. McIntyre
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
