🔴 Advanced Micro Devices is trading 7.9% down today after Q3 guidance fell short of elevated expectations

Advanced Micro Devices is trading at ARS 76325.00 (-7.90%) after investors focused on its August 4 Q3 revenue outlook of approximately $13 billion, which fell short of elevated expectations despite exceeding consensus estimates.

• Some analysts expected guidance closer to $14 billion, raising concerns that AI growth may not justify the company’s valuation
• Q2 revenue beat estimates at $11.54 billion
• Broader technology selling added pressure after August 5’s weak Nasdaq session