Advanced Micro Devices (AMD) has given a strong outlook with its recent revenue results, surpassing expectations by a significant margin. However, the positive news is being overshadowed by a sharp decline in the company’s stock price. Despite the initial rise following the announcement, AMD shares quickly fell back down after the market closed. This unexpected move raises questions about what could be behind the reversal.
Source: https://www.barrons.com/articles/amd-earnings-stock-price-8c21149c