February 14, 2025
AMD stock is sliding after earnings, and these numbers show why

AMD stock is sliding after earnings, and these numbers show why

Advanced Micro Devices Inc. shares tumbled nearly 7% in after-hours trading Tuesday, after the chip maker reported a big drop in margins and provided a forecast that doesn’t suggest immediate improvement.

AMD AMD reported a first-quarter net loss of $139 million and revenue fell to $5.3 billion, fueled by big declines in PC sales and gaming. After a big boom in sales during the COVID-19 pandemic, PC sales dropped in 2022 and sank 29% in the first quarter of 2023.

Those…

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