AMD’s revenue climbs 50% and data center sales doubled, but the stock is down

Advanced Micro Devices announced second-quarter results on Tuesday that surpassed analyst expectations, yet the company’s stock fell during after-hours trading despite gains during the regular session. Revenue reached $7.69 billion, representing a 50% increase from the prior year, reflecting AMD’s significant participation in the artificial intelligence chip market.
The Data Center division served as the primary growth engine, generating $6.7 billion in sales and climbing 107% on an