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FrontRow · Aug 5, 2026

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AMD's stock plunged on Wednesday despite posting earnings that beat expectations, as investor enthusiasm for the Nvidia challenger waned. The market jitters come despite AMD revenue climbing 50% to $11.54 billion in the second quarter, ahead of analyst expectations of $11.28 billion, in a sign of the company's central position in the market for AI chips. Data center sales drove much of the company's growth, up 107% on an annual basis to $6.7 billion, which the company attributed to central processing unit and graphics processing unit sales. But while second-quarter earnings came in "slightly ahead" of consensus, they fell below "more optimistic estimates," Deutsche Bank analysts said in a Wednesday note.

AMD's stock plunged on Wednesday despite posting earnings that beat expectations, as investor enthusiasm for the Nvidia challenger waned. The market jitters come despite AMD revenue climbing 50% to $11.54 billion in the second quarter, ahead of analyst expectations of $11.28 billion, in a sign of the company's central position in the market for AI chips. Data center sales drove much of the company's growth, up 107% on an annual basis to $6.7 billion, which the company attributed to central processing unit and graphics processing unit sales. But while second-quarter earnings came in "slightly ahead" of consensus, they fell below "more optimistic estimates," Deutsche Bank analysts said in a Wednesday note.

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