-logo-1200x675.jpg&w=240&h=240&zc=2){kind=logo}
Why AMD Stock Skyrocketed Wednesday Morning Before Losing Ground
The semiconductor specialist initially rallied on robust results, but some on Wall Street think the future looks cloudy.
Shares of Advanced Micro Devices (NASDAQ: AMD), commonly referred to as AMD, charged out of the gate on Wednesday, gaining as much as 4.9%. However, investor pessimism soon won out, and as of 11:29 a.m. ET today, the stock was up just 0.4%.
The artificial intelligence (AI) chipmaker announced results that beat expectations, but investors eventually focused on the thorns rather than the rose.
Image source: Getty Images.
