Advanced Micro Devices failed to clear the earnings bar analysts had set for the second quarter. Shares of AMD shed 6% in Wednesday's premarket trading hours after the chipmaker reported adjusted earnings of 48 cents per share, missing the 49 cents per share analysts polled by LSEG had forecast. "AI business revenue declined year over year as U.S. export restrictions effectively eliminated MI308 sales to China, and we began transitioning to our next generation," CEO Lisa Su said during a call with analysts. But while the company's earnings missed the mark, AMD's $7.69 billion in overall revenue exceeded the expected $7.42 billion. Net income also increased from the year-ago period. Overall, most analysts maintained their ratings on the stock, though some did raise their price targets. Here

See Full Page