This article originally appeared on iknowfirst.com

Advanced Micro Devices, Inc. (AMD) announced their first quarter earnings report on April 16th, and missed estimates for revenue and EPS. To be honest, the earnings report was rather depressing, as it also projected that revenues for the current quarter would fall another 3%, plus or minus 3%, sequentially. With revenue falling 26% this quarter, there does not look like there is much to be optimistic about when considering this stock. The poor earnings report, along with unfavorable market conditions, has caused the stock price to fall precipitously in the last year. However, some comments made by CEO Lisa Su offer some hope that the company will eventually be able to turn things around.

Past Algorithmic Predictions Compared To Results

I Know First has published multiple algorithmic articles and analyses for AMD over the last year. One article was posted on October 23, 2014. This article had a bullish outlook, arguing that the stock price was undervalued and would eventually increase. As can be seen in the figure below, this took place, as the stock price climbed over 25%, reaching a peak at the beginning of February. I Know First later published a bearish article, arguing that investors had a great opportunity to short the stock. Since that article was published, the stock price has fallen over 11%. Taking into account the success of the algorithm

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