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AMD's (AMD) stock just took a beating, dropping 17% in its worst session since 2017. But CEO Lisa Su says the pullback doesn't reflect the company’s widening AI moat.
The chipmaker posted strong fourth-quarter results, with revenue of $10.27 billion and earnings per share of $1.53, both beating Wall Street expectations. Yet investors sold off AMD stock after Q1 guidance of $9.8 billion fell short of some analysts' sky-high expectations.