AMD earnings are a key test for chips and momentum stocks. Here's what the options market is saying

AMD earnings are a key test for chips and momentum stocks. Here's what the options market is saying

45 semiconductor firms reported since July 1st; 38 beat revenue, 36 fell (avg -13.4%); capital exits tech hardware despite strong fundamentals. IT managers face compressed returns—earnings beats no longer unlock upside, demanding budget reallocation to defensive sectors.