BUZZ-AMD shares rise as robust growth expectations ease market concerns about artificial intelligence

November 4 - ** AMD (AMD.O) shares rose over 7% in pre-market trading to $517.95

** The company forecasted (link) faster-than-expected growth in 2027, easing market concerns over a slowdown in AI spending

** According to data compiled by London Stock Exchange Group (LSEG), the company expects revenue growth of over 80% in 2027, surpassing the analyst estimate of 77%

** Third-quarter data center revenue surged 97% to $8.55 billion; adjusted earnings per share came in at $2.09, exceeding the expected $1.95

** LSEG data shows the stock's recent price-to-earnings ratio is 30, while its five-year average is 31, indicating its valuation may be approaching fair value

** At least five brokerages raised their price targets for AMD following the earnings release

** The stock has risen about 126% so far this year, while the Nasdaq index gained 9.17% during the same period .IXIC

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