Sure, Advanced Micro Devices ( AMD) was reporting its quarterly results, but the world's second-largest economy loomed large after the chipmaker’s earnings fell short of expectations and raised concerns about the timing of a restart of shipments to China.

Investors likely wanted more upside after a rally in the stock price over the past three months. The chip maker reported second-quarter adjusted earnings per share of 48 cents, in line with Wall Street’s consensus estimate,

AMD reported net income during its fiscal second quarter of $872 million, or 54 cents per share, increasing from $265 million, or 16 cents per share in the year-ago period. Nvidia

While Nvidia dominates in AI GPUs, analysts still see room for AMD to capture a meaningful slice of the market.

Advanced Micro Devices Inc. earnings are expected to show the chipmaker is increasingly benefiting from the artificial intelligence arms race. The question is whether it’s enough to justify a rally that has outpaced Nvidia Corp.

Investors likely wanted more upside after a rally in the stock price over the past three months. The stock pointed 5.4% lower at $164.99 in premarket trading Friday. The chip maker reported second-quarter adjusted earnings per share of 48 cents,

Advanced Micro Devices Inc. earnings are expected to show the chipmaker is increasingly benefiting from the artificial intelligence arms race. The question is whether it’s enough to justify a rally that has outpaced Nvidia Corp.

On Wednesday, AMD shares were down 6.5%, a day after the company reported solid second quarter earnings results. On the surface, the numbers looked fine,

AMD delivered a strong second quarter in 2025, recording $7.69 billion in revenue, a 32% year‑over‑year rise and topping Wall Street