AMD's latest sales outlook has disappointed investors, indicating that the market is expecting higher returns from the expansion of AI data centers around the world. AMD said in a statement on Tuesday that revenue for the third fiscal quarter is expected to be 13 billion US dollars, fluctuating up and down 300 million US dollars. Despite analysts' average expectations of $12.5 billion, according to compiled data, some Wall Street agencies are well above $13 billion. After the earnings report was announced, AMD's stock price fell about 6% after the market. The stock closed at $518.58 in New York on Tuesday. The market reaction indicates that AMD needs to show a faster growth rate to support current valuations. Since this year, as AMD has become Nvidia's main competitor in the field of artificial intelligence processors, its stock price has more than doubled, far exceeding market performance.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.