Stock market reaction stories

AMD Stock Falls Despite Beating Q2 Earnings Expectations and Forecasting Strong AI-Driven Revenue

Advanced Micro Devices reported second-quarter revenue of $11.54 billion, up 50% year-over-year and beating Wall Street estimates, with data center sales more than doubling. Despite projecting Q3 revenue of $13 billion above analyst expectations, the stock declined in extended trading as the strong results failed to exceed sky-high investor expectations.