AMD sinks 5% despite earnings beat, strong data center revenue
AI disclosure
Summary
The chip giant has been a big beneficiary of the AI boom, with stock trading 132% up so far in 2026.
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$AAOI reports on Thursday.
— Michael Sikand (@michaelsikand) August 3, 2026
The stock is gapping 17% today, reversing sharply from under $80 last week, but still trading roughly 50% off ATH.
If you own this stock, very special attention is required because revenue and earnings for Q2 will be largely immaterial, as the ramp… pic.twitter.com/kExo5qwSYz