AMD plummets 8% in premarket trading despite beating expectations

AMD’s stock experienced a significant decline in premarket trading on Wednesday following the release of its second-quarter financial results. While the company’s earnings topped analyst expectations, investors reacted negatively to the news, with shares dropping 8.7% in premarket activity.
The semiconductor manufacturer reported quarterly revenue of $11.54 billion, surpassing the consensus estimate of $11.28 billion. Revenue growth reached 50% compared to the prior year, driven sub