Why AMD Stock Is Tumbling Despite Better-Than-Expected Results
1. AMD reported strong Q2 sales, exceeding Wall Street expectations. 2. Stock fell 7% post-earnings due to high prior expectations. 3. Q3 GPU sales expected at $1.7bn, excluding $800mn from China. 4. Analysts predict upside potential from future chip sales to China. 5. Price targets raised by Wedbush and Citigroup amidst mixed ratings.