AMD Beats Estimates, But Stock Slides
Advanced Micro Devices (AMD) delivered better-than-expected quarterly earnings and issued a revenue forecast that topped Wall Street estimates. Yet, investors were unimpressed, sending the stock down about 5-7% in post-earnings trading as expectations around AI growth remained exceptionally high. According to Reuters, the market is demanding stronger evidence that AMD can meaningfully challenge Nvidia in the booming AI chip market. (Sources: Reuters, Yahoo Finance, The Motley Fool)
