🟢 Advanced Micro Devices is trading 7.9% up today after beating Q2 estimates and issuing strong Q3 guidance

Advanced Micro Devices is trading at $82,875 (+7.91%) after its latest quarterly results and guidance sparked renewed AI-related optimism.

• The company reported second-quarter revenue of $11.54 billion, a 50% increase that surpassed analyst estimates.
• Management issued a positive outlook for the third quarter, forecasting revenue of approximately $13 billion.
• The stock saw upward momentum ahead of the report as investors positioned for robust demand in the data-center and AI sectors.