AMD's Q2 Beat Shadowed by Capex Surge and SpaceX Nvidia Pivot

AMD posted a 50% revenue jump to $11.5 billion with adjusted EPS of $1.66 on stronger data-center chip demand, but its capital expenditures spiked to $808 million in Q2—double year-ago levels and higher than prior quarters—overshadowing the upside. Separately, SpaceX said it will source future AI chips exclusively from Nvidia, a development that could dampen AMD’s near-term orders and contributed to after-hours weakness in the stock.