AMD is trading at $193.10 (-3.18%) as a $600 million earnings beat was overshadowed by growth concerns and a broader market selloff.
- Shares erased $30 billion in value due to a non-recurring $390 million China revenue windfall, rising operating expenses, and HBM memory shortages prioritizing Nvidia.
- Technical delays in UALink switches for OpenAI deployments and macro pressure from weak nonfarm payrolls (-92,000 jobs) further weighed on the stock.