AMD is trading at $198.67 (+3.2%) in pre-market as investors buy the dip following heavy call options activity and analyst optimism regarding Data Center growth.
- The rebound follows a 17% plunge on February 4, which analysts suggest was an overreaction to a disappointing Q1 sales forecast.
- AMD reported robust Q4 revenue of $10.27B, up 34% YoY, even as the stock closed at $192.50 on February 5.
- Market sentiment has turned bullish as traders bet on continued strength in the Data Center segment despite the near-term guidance.