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AMD shares fall 6% as investors demand bigger AI payoff

Advanced Micro Devices shares declined significantly after its revenue forecast fell short. Investors sought clearer proof the company can capitalize on the AI spending boom. SpaceX's decision to exclusively use rival Nvidia's chips also impacted AMD's stock. The company projects data-center revenue to more than double by 2027. AMD's stock has more than doubled this year on AI chip expectations.

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Economic TimesLean R·2h ago
AMD shares fall 6% as investors demand bigger AI payoff
Advanced Micro Devices shares declined significantly after its revenue forecast fell short. Investors sought clearer proof the company can capitalize on the AI spending boom. SpaceX's decision to exclusively use rival Nvidia's chips also impacted AMD's stock. The company projects data-center revenue to more than double by 2027. AMD's stock has more than doubled this year on AI chip expectations.
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AMD shares fall 6% as investors demand bigger AI payoff

How 1 sources are covering this

AMD shares fall 6% as investors demand bigger AI payoff

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