AMD's Q2 Beat Shadowed by Capex Surge and SpaceX Nvidia Pivot
TL;DR
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.
- AMD Stock Tumbles Overnight As CapEx Surge And SpaceX’s Nvidia Switch Overshadow Q2 Beat Yahoo Finance
- AMD's revenue climbs 50% and data center sales doubled, but the stock is down CNBC
- AMD posted Q2 earnings on Tuesday. Yahoo Finance
- AMD Sales Outlook Disappoints Investors After AI-Fueled Rally Bloomberg.com
- AMD's stock slides despite upbeat guidance MarketWatch
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