AMD beat quarterly revenue and earnings estimates while forecasting stronger-than-expected Q3 sales, driven by AI chip demand. However, the stock fell after investors expected an even stronger outlook.

Advanced Micro Devices, Inc.’s AI-driven data center growth has traders betting on Q2 revenue topping $6 billion.

Advanced Micro Devices Inc (NASDAQ:AMD) shares are advancing Monday as investors position ahead of the company's second-quarter earnings report due after Tuesday's close.