AMD Stock Cools After AI Earnings Surge. The Bigger Story Is CPUs
Shares of Advanced Micro Devices slipped Thursday, giving back some ground after a big run-up following its earnings. Still, the core takeaway from the company’s latest results stayed intact: AI spending is pushing further into servers, and AMD is capturing more of that flow. The stock last traded at $408.42, off $12.97 from the prior close, reversing part of Wednesday’s jump sparked by a robust forecast.