AMD's Outlook Fell Short of High Hopes, But It Could Be Guiding Conservatively

Though shares had retreated a bit from their late-February highs, AMD (AMD) was still up 32% since providing a market-pleasing fourth-quarter earnings report and upbeat commentary about pending product launches, and over 600% from their sub-$2, early-2016 lows. That made investors quick to react harshly to results and guidance that were far from terrible, but which also fell short of the high hopes many had come to have.

But as far as AMD's guidance goes at least, it's worth remembering that this year's sales depend a lot on products that still haven't launched, or which are still in the process of ramping. And that the company may be choosing to err on the side of caution....811 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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