Advanced Micro Devices Inc (NASDAQ:AMD) is set to report first-quarter earnings Tuesday. Wall Street expects 61 cents in EPS and $5.5 billion in revenues when the company reports after market hours. AMD has been a standout performer in the stock market, soaring 83% over the past year. Artificial intelligence (AI) applications fueled this growth. However, the year-to-date (YTD) performance of the stock, up 6.95%, indicates a more modest growth trajectory in 2024. Also Read: What’s Going On With Advanced Micro Devices Stock? Can AMD’s Strong Moat Boost Its Stock’s 2024 Trajectory? AMD has faced challenges in aligning its fundamentals with market expectations. Earnings declined from 2021 to 2023, and analyst projections for 2024 have also been revised downward. This discrepancy between market sentiment and fundamental performance highlights the complexity of the current market landscape, where investor expectations often outpace actual financial results. The company’s core business is still grappling with challenges in the frail PC market, which could impact its near-term performance. However, there may be upside potential from AMD’s AI endeavors, particularly its MI300 AI accelerator, which could drive growth in ...