AMD’s AI Run Pauses, Eyes on What’s Next
AMD shares fell 5.7% to $424.10 Friday, capping a 7.6% weekly drop after a record rally and strong first-quarter results. The stock had reached $469.21 earlier in the week. AMD reported $10.3 billion in Q1 revenue, up 38% year over year, with Data Center sales rising 57%. Wall Street analysts raised price targets following the earnings report.