AMD (NASDAQ: AMD) stock is getting hit with a big pullback in Wednesday’s trading following the company’s latest earnings report. The semiconductor specialist’s share price was down 9.2% at 11 a.m. ET.
AMD published its second-quarter results after the market closed yesterday and reported earnings that were in line with Wall Street’s targets and sales that beat expectations. While the company issued encouraging forward sales guidance, growth for the company’s artificial intelligence (AI) graphics processing units (GPUs) slowed and was weaker than anticipated.
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