TECHNOLOGYCNBC TOP
AMD plummets 8% in premarket trading despite beating expectations
AMD's stock plummeted 8% in premarket trading despite the company beating expectations. The chipmaker has been a major beneficiary of the AI boom, with its stock rising 132% so far in 2026.
Related Signal
Adjacent reporting
- Shares in chipmakers underpinning AI boom rocket in first half of 2026
- Shares in chipmakers underpinning AI boom rocket in first half of 2026
- AMD, Micron shares surge on a big day for chip-sector outperformance
- Intel's stock jumps 11% as chipmaker rides AI boom to fastest revenue growth in almost 15 years
- Wall Street sees 'changing of the guard in AI' as Intel, AMD shares soar while Nvidia lags