NasdaqGS:AMDSemiconductor
AMD (AMD) Stock Retreat Deepens As AI Growth Meets Valuation Scrutiny
The market just put Advanced Micro Devices in the penalty box, with the stock dropping about 7% to roughly US$482, even though the core earnings story landed far from weak. Q2 revenue came in at US$11.5b and non GAAP gross margin reached 56%, both pointing to a company leaning hard into high value data center and artificial intelligence compute demand.
Short term traders focused on the rich P/E and recent volatility. Longer term investors are likely asking a different question: Is this...