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AMD Drops Post-Earnings Despite Record Q2 Revenue and AI Upgrades

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The Story

News Summary

  • AMD reported record Q2 revenue of $11.54 billion and upbeat Q3 guidance, but shares dropped over 4% amid sky-high market expectations.
  • Analysts raised price targets up to $730, citing AMD's expanding AI Helios rack-scale adoption with major tech giants despite valuation headwinds.
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AMD price history

516.13 +140.00% over the displayed period

Advisor Snapshot

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