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Wall Street analysts update AMD stock after Q3 earnings

Wall Street is bullish on Advanced Micro Devices (NASDAQ: AMD) stock after the company beat estimates for third-quarter earnings.Despite the beat, AMD stock reacted with weakness as investors focused on concerning gross-margin guidance. In pre-market trading on Wednesday, AMD fell 4.7% to 238.AtTuesdaysmarketclose,thestockfinishedat238. At Tuesday’s market close, the stock finished at 250, down 3.7% on the day.AMD one-week stock price chart. Source: FinboldAMD earnings for Q3 For the fiscal third quarter, AMD’s adjusted earnings came in at $1.20 pe ...