AMD (AMD) Stock: Drops Despite Record Revenue and Surging AI Data Center Demand

TLDR AMD stock falls 3.92% to $620.52 despite reporting record quarterly revenue growth. AMD’s data center revenue surges 107% annually to $6.7 billion on strong AI demand. Global AI spending could reach $2.59 trillion in 2026, according to Gartner forecasts. Microsoft reports $90 billion in quarterly revenue as Azure cloud growth hits 43%. Broadcom’s AI [...]

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