Chipmaker’s Record Results Fail to Impress Market

Advanced Micro Devices (AMD) shares tumbled nearly 7% on Thursday, closing at $238.60, in a stark market reaction that defied the company’s strong quarterly performance and upgraded forecasts. This disconnect highlights a familiar Wall Street dynamic: when investor expectations become excessively elevated, even outstanding results can trigger selling pressure.

The decline follows a spectacular 148% rally in AMD shares during the six months preceding the earnings report. This massive run-up left little room for positive surprises, creating conditions ripe for profit-taking despite fundamentally sound operations.

AMD’s third-quarter 2025 results demonstrated robust growth across key segments. Revenue reached $9.2 billion, representing a 36% year-over-year increase. Adjusted earnings per share came in at $1.20, exceeding analyst Read more...