AMD Tops Q2 Estimates, but Investors Still Hit the Sell Button. What's Next for AMD Stock? The recent selloff of Advanced Micro Devices (AMD) stock has left investors scratching their heads.
Despite beating quarterly estimates and reaffirming its long term outlook, the company's shares have plummeted 7% following the release of its Q2 results.
This sudden loss of confidence in one of the tech world's most promising AI stocks can be attributed to changing expectations on Wall Street.