Framing Analysis
AMD reported second-quarter revenue of $11.54 billion, up 50% year-over-year and above analyst expectations of $11.28 billion, with data center sales rising 107% to $6.7 billion. Shares fell 8.2% in premarket trading despite the results and a 132% year-to-date gain. CEO Lisa Su highlighted AI-driven demand while Deutsche Bank noted the earnings beat consensus but missed more optimistic estimates.