AMD posts record Q2 revenue on AI demand, but stock drops 8% despite beating expectations

AMD reported record Q2 revenue driven by AI demand, beating analyst expectations. However, shares fell 8% in premarket trading, likely due to valuation concerns. The company's open approach continues to challenge Nvidia's dominance.

• Gaming Made Up Just 6% of AMD's Earnings This Quarter
• AMD's data center business just more than doubled, and gaming is paying the price
• AMD plummets 8% in premarket trading despite beating expectations
• AMD's revenue climbs 50% and data center sales doubled, but the stock is down
• AMD’s record quarter is really a bet that open beats Nvidia’s moat
• AMD's results spotlight risks of putting all your AI eggs in too few baskets
• AMD’s AI engine shifts into higher gear as data center revenue more than doubles, Helios ramps & market is confused
• AMD more than doubles its data center revenue, but its stock falls on concerns over rising capex
• AMD doubles data center revenue year over year, but gaming revenue plunged by 31% — CEO Lisa Su says prices have 'weighed on' consumer demand but is 'optimistic' about client market
• AMD’s datacenter business is booming while gaming takes a backseat
• AMD Investors May Be Overreacting, GraniteShares CEO Says
• AMD Sales Outlook Disappoints Investors After AI-Fueled Rally
• AMD posted record revenue as data center sales more than doubled year over year