AMD, Super Micro tumble as earnings fall short of lofty AI expectations

Halifax Regional Police release Dartmouth suspect’s name and photo | SaltWire #news #novascotia - Shares of Advanced Micro Devices and Super Micro Computer sank on Wednesday, sparking a selloff in chip stocks, after their earnings disappointed investors who have piled into the sector on hopes rising AI investments would boost demand.

Executives of both AMD and Super Micro Computer said supply constraints were hampering their efforts to capitalize on demand for equipment powering the boom in generative AI. Other AI-linked chip firms also traded lower, with Marvell Technology, Micron Technology and Nvidia down between 1.5% and 2.5%.

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