Market News / Story
AMD Stocks Fall 1.5% Despite TSMC's Record AI Demand Signal
GuruFocus ·
GuruFocus reports: Advanced Micro Devices , the CPU and AI-accelerator designer, slipped about 1.5% to $636.15 around 10:31 a.m. ET on Thursday, as chip shares retreated despite TSMC's record quarterly revenue. Strong demand for chip production helps the sector's growth story. It does not tell investors how much of that business AMD will capture. AMD's own numbers give investors more to work with. The company reported second-quarter data-center revenue of $6.7 billion, up 107% from a year…