AMD Slips as Valuation Concerns Overshadow Q3 Beat

Core Insights - Advanced Micro Devices Inc (AMD) has reported third-quarter earnings of $1.20 per share on $9.25 billion in revenue, surpassing estimates, but the stock is down 0.9% to $247.75 due to AI valuation concerns and margin guidance aligning with estimates [1] - AMD's stock experienced a significant 23.7% increase on October 6 after announcing a partnership with OpenAI, reaching a record high of $267.07 on October 25, resulting in a year-to-date gain of 103% [2] - The popularity of put options has increased, with AMD's 10-day put/call volume ratio ranking higher than 91% of readings from the past year [2] - AMD tends to outperform options traders' volatility expectations, as indicated by its Schaeffer's Volatility Scorecard (SVS) of 98 out of 100 [3]