Bullish sentiment in the US stock market is in crisis, urgent need for AMD's financial report to rescue the situation.
As the rising trend in the US stock market encounters obstacles, AI giant AMD (AMD.US) will announce its financial report after the close of trading on Tuesday. After experiencing the best stock performance in nearly 25 years, the company needs to prove that it is indeed one of the main beneficiaries of the AI spending boom. At that time, this financial report either boost the confidence of risk assets market that have been suppressed, or further drag down the market. Wall Street currently expects AMD's third-quarter revenue to be $8.75 billion, with earnings per share (EPS) of $1.17.
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