How Intel's Earnings Turned AMD's Beat Into A Sell-Off

The sell-off came even after AMD reported second-quarter revenue of $11.54 billion, topping the Wall Street estimate of $11.28 billion. However, much of the market’s attention shifted to the company’s outlook, particularly expectations for Helios, its upcoming rack-scale AI platform.

Futurum Group CEO Daniel Newman said the results “were good,” but added that investors were looking for a “blowout guide driven by Helios.”

AI Investment And Higher Expectations The results also highlighted a sharp increase in investment spending. Capital expenditures rose to $808 million during the quarter from $282 million a year earlier and $389 million in the first quarter. While the higher spending supports AMD’s long-term AI expansion strategy, it may have weighed on near-term investor sentiment. Adding to those expectations, AMD’...