AMD Stock Jumped After Its Report. I'd Wait for a Lower Price to Buy.

AMD reported record Q3 revenue of $13.4B (up 45% YoY) and guided for over 80% revenue growth in 2027, causing shares to jump 7.5% after-hours. However, the analyst recommends waiting for a lower entry price around $480, citing concerns about free cash flow declining to $554M despite soaring earnings, as the company builds $11.5B in inventory to support future growth.