AMD Stock Soars After Crushing Earnings: Is This the Start of a Comeback?
AMD Stock Soars After Crushing Earnings: Is This the Start of a Comeback? AMD shares skyrocketed over 9% in pre-market trading Wednesday, fueled by a stunning second-quarter earnings report that exceeded expectations. The surge follows a significant downturn – a 35% drop from its March high – sparked by concerns over its AI market share and broader chip sector anxieties. The company’s robust data center segment, driven by booming AI demand, was the key driver of this positive surprise. This…