AMD Stock Drops After Q2 Earnings Beat: AI Inventory Woes Raise Investor Concerns
AMD just reported Q2 revenue of $7.69B—beating Wall Street estimates. But despite strong growth in gaming and AI chips, the company reported a 1-cent EPS miss and took an $800M hit due to export restrictions on its Instinct MI308 GPUs. Investors reacted swiftly, sending the stock down nearly 8% on the day.
Lisa Su says AMD is set for a big rebound with its MI350 AI chips and Q3 revenue guidance as high as $9B. Should investors be worried or is this a dip worth buying?
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