AMD more than doubles its data center revenue, but its stock falls on concerns over rising capex

After seeing its stock rise more than 7% during the regular trading session earlier today, Advanced Micro Devices Inc. saw all of those gains wiped out in extended trading after narrowly beating expectations in its latest financial results. The chipmaker reported second-quarter adjusted earnings of $1.66 per share, edging past Wall Street’s forecast of $1.62 […] The post AMD more than doubles its data center revenue, but its stock falls on concerns over rising capex appeared first on SiliconANGL