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At close · Tue, Aug 4, 2026
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AMD shares slide after earnings as Lisa Su downplays Musk-Nvidia push

Reported · Written up by our desk · Equities

Advanced Micro Devices shares fell after the company reported earnings, with investors focused on how the chipmaker is positioned in the AI boom.

CNBC notes AMD has been a major beneficiary of AI demand, and that the stock was up about 132% so far in 2026.

In the coverage, AMD CEO Lisa Su dismissed attention around Elon Musk's Nvidia-related commitments as the stock sold off following the earnings release.

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Sources

CNBC MarketsLisa Su brushes off Musk's Nvidia commitment as AMD stock sinks after earnings
CNBC WorldLisa Su brushes off Musk's Nvidia commitment as AMD stock sinks after earnings
CNBC EarningsLisa Su brushes off Musk's Nvidia commitment as AMD stock sinks after earnings

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