Advanced Micro Devices is trading 6.8% down at $483.14 after its Q3 revenue guidance of $13.0 billion fell short of elevated AI-fueled expectations, triggering profit-taking.
- Despite robust Data Center momentum and a strategic shift toward full-stack AI systems with the Helios rack-scale platform, investors are reacting to the heavy capital spending cycle.
- The company's guidance failed to match the market’s most bullish scenarios, leading to a pullback despite strong underlying growth in AI-related segments.