AMD company headlines, earnings, strategy, leadership, and market-moving business updates.
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U.S. stock futures edged higher Wednesday as some traders pointed to improving odds of talks to reopen the Strait of Hormuz, but AMD shares slid in premarket trading following a weaker-than-hoped earnings read.
THE APEX TIMES
THE APEX TIMES
A Yahoo Finance roundup of WallStreetBets posts described a split tone heading into Wednesday trading, with attention on Advanced Micro Devices and other widely discussed tickers.
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Advanced Micro Devices fell in early trading after reporting another quarter of record sales and issuing guidance that came in ahead of expectations, but traders appeared to concentrate on gross margin pressure.
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The chip designer’s outlook drew mixed reaction, with revenue guidance seen as better than expected but not enough to match heightened expectations tied to artificial intelligence demand.
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Investors looked to calmer headlines and to upcoming results from major technology and space-linked names, with sentiment improving modestly in premarket trading.
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Retail sentiment on Stocktwits improved, shifting SPY toward neutral and QQQ toward bullish, as traders weighed potential Middle East diplomacy outlines and upcoming U.S. labor data.
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The chipmaker’s shares fell ahead of Wednesday trading after a revenue forecast that beat expectations still failed to meet higher market hopes for artificial intelligence-related payoff.
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Advanced Micro Devices delivered results close to what Wall Street wanted, with revenue of about $11.5 billion and strong year-over-year growth. Even so, the stock fell by nearly 9% after the report, highlighting that investors were focused on the geographic and end-market mix behind the demand rather than headline sales.
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The company said the server central-processing-unit (CPU) supply chain has been strained by demand that came in above expectations, while its CEO forecast a better environment in 2027.
