AMD Stock Suffers Another Post-Earnings Meltdown

Advanced Micro Devices Inc (NASDAQ:AMD) is the talk of Wall Street today, last seen down 9.4% to trade at $108.23. The chipmaker is getting bashed after a lackluster fourth-quarter report that saw a top-line beat overshadowed by its data center arm reporting less-than-stellar revenue estimates. AMD earlier traded at a two-year low of $106.50, and is on track for its worst single-session decline since its Oct. 30 post-earnings bear gap. The shares have carved a channel of lower lows since October, and are no ...