Reported 25 days ago
AMD shares fell 14% to $142.44 following the company's Q3 earnings report, which showed revenue of $6.8 billion, surpassing expectations. The data center segment saw significant growth, while gaming revenue plummeted 69%. Analysts remain optimistic about AMD's future, particularly in AI and data center markets, with projections for substantial revenue from new chip developments, despite mixed short-term outlooks.
Source: YAHOO