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Benzinga
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Top Wall Street Forecasters Revamp AMD Motor Expectations Ahead Of Q1 Earnings

1. AMD to report Q1 earnings on May 6; expectations at 93 cents EPS. 2. Revenue forecasted at $7.12 billion, up from $5.47 billion last year. 3. Recent analyst ratings show mixed adjustments to price targets. 4. AMD shares rose 1.8% to $100.59, indicating positive market sentiment. 5. New AMD EPYC processors to power Google Cloud's virtual machines.

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FAQ

Why Bullish?

Forecasted revenue and EPS growth indicate strong demand for AMD products. Historical earnings increases have often correlated with positive stock performance.

How important is it?

The earnings report and associated analyst ratings influence investment decisions significantly.

Why Short Term?

Earnings report is imminent, likely affecting stock price quickly. Short-term market reactions follow earnings announcements closely.

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