AMD Sees 20% Annual Revenue Growth. Analysts Agree the Chip Maker Will Get There.

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Updated June 10, 2022 8:19 am ET / Original June 10, 2022 4:10 am ET

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Chip maker Advanced Micro Devices predicts that it can grow revenue 20% a year despite the expected slowdown in demand for computers.

Analysts at KeyBanc said the forecast was plausible and that the stock justifies a higher valuation than its peers.

AMD (ticker: AMD) shares fell 3% Thursday on concerns about the outlook for consumer spending…

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