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AMD stock jumps on earnings beat driven by AI chip sales

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Shares of AMD rose in after-market trading, after the company beat Wall Street's earnings estimates on better than anticipated AI chip sales.

) reported its second quarter earnings after the bell on Tuesday, beating analysts' expectations on the top and bottom lines and posting better-than-anticipated guidance for the third quarter.

Gaming revenue topped out at $648 billion in Q2 down 59% year-over-year but beating estimates of $646 billion. FEATURE Starbucks reported third-quarter earnings that came in line with Wall Street estimates, while sales were weaker than expected. The stock was up 1.6% on Tuesday in after hours trading. For the three months ended in June, the world’s largest coffee chain posted 93 cents in per-share earnings, marking a 6% decline from a year ago.

 

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