AMD stock PLUMMETS 17% – AI Boom Not Enough?
Imagine losing 17% of your company's value in a single day, the worst performance since 2017. That's exactly what happened to Advanced Micro Devices, despite its CEO, Lisa Su, assuring that demand for their chips, especially for AI applications, is accelerating at an unprecedented pace. Su highlighted a significant acceleration in their data center business, with demand for their processors booming as enterprises ramp up compute power for AI. Although AMD's recent quarterly results exceeded expectations, the future outlook has cast a shadow over the company, sparking investor concerns. Stay tuned for more critical business updates by subscribing to our channel.
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