U.S. Stock Movement | AMD Inc. (AMD.US) Drops Over 7% as Q3 Revenue Guidance Falls Short of Expectations

According to the Zhitong Finance APP, on Wednesday, Advanced Micro Devices, Inc. (AMD.US) fell over 7% to $480.71. In terms of news, after the market closed on August 4, AMD released its second-quarter financial report. Although both revenue and profit exceeded expectations, the midpoint of its revenue guidance for the third quarter was about $13 billion, failing to meet the high expectations of some aggressive investors who had anticipated over $14 billion. Capital expenditures in the second quarter reached $808 million, significantly exceeding the market estimate of $298.6 million and marking a large year-on-year increase, raising concerns about the erosion of the company's profitability.