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AMD reports record revenue but shares drop after blowout Q2
The stock fell about 7% intraday on Aug. 5 after the results, reversing a prior 7% gain from the Aug. 4 anticipation.
Advanced Micro Devices posted blowout second-quarter results that topped expectations, including record revenue, but the stock fell sharply after the announcement, according to Yahoo Finance.
Shares dropped about 7% intraday on Aug. 5 following the earnings, undoing the roughly 7% gain the stock had built on Aug. 4 in anticipation of the results.
The selloff is tied to what investors expected next, as the article notes AMD had strong earnings on paper amid rising demand for its AI chips and a resurgence in CPUs.
AMD also raised its outlook for the semiconductor market, projecting it could reach $2 trillion per year by 2028, while pointing to data center momentum in 2H 2026 as shipments of its Helios rack-scale system are forecast to ramp in the fourth quarter.