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Advanced Micro Devices Inc. (NASDAQ:AMD) shares are trading lower Monday as investors exercise caution ahead of the company’s first-quarter 2026 earnings report.
The stock faced downward pressure during premarket action, following a period of broader tech sector profit-taking.
Earnings Expectations Loom
The semiconductor giant is scheduled to release its first-quarter results on Tuesday. According to analyst estimates, the market anticipates earnings per share of $1.24. Revenue expectations currently sit at $9.88 billion.
Analyst Price Forecasts
On May 1, RBC Capital maintained a Sector Perform rating on AMD. However, the firm notably raised its price forecast to $325.00. The …
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