Despite posting strong quarterly results, Advanced Micro Devices (AMD) opened on Wednesday at below $108, nearly 10% lower. The stock clawed its way up to $112. On a forward price-to-earnings metric, AMD stock is on sale at 25.5 times.
Analysts are concerned about AMD’s AI revenue growth. However, the company delivered over $5 billion in revenue for its GPU business in 2024. This year, MI325’s launch is a tailwind. It has a hardware and software roadmap for the product after shipments start. New designs for MI300 and MI325 in the first half of this year will sustain sales growth for the product.
FMC Corporation dropped by 33.53% and trades at a forward P/E of 12.4 times. It reported $1.22 billion in revenue (+6.1% Y/Y). For 2025, a revenue forecast of $4.15 billion to $4.35 billion is below consensus. Customers are not buying FMC’s product.
The slowing business momentum may hurt FMC stock in the near term. Wait for the company to raise its guidance before buying shares.
IDEX Corporation (IEX) fell by 9.64% on Wednesday. Although revenue grew by 9% to $863 million, the full-year 2025 outlook is weak. Sales will grow by 1% to 3% Y/Y. For Q1, diluted GAAP EPS is in the range of $1.18 to $1.24.
