AMD(US:AMD) Xin Lang Ke Ji·2025-11-26 08:21Group 1 - The core concern is the decline in U.S. chip stocks, particularly due to AMD's disappointing revenue forecast, raising worries about the fragility of the PC market and slowing corporate spending [1][2] - AMD's projected Q3 revenue is $5.7 billion, below analysts' expectations of $5.81 billion, with a 54% decline in its client segment revenue attributed to a weak PC market [3][4] - Semiconductor companies are leading the decline in tech stocks, influenced by Fitch Ratings downgrading the U.S. long-term foreign currency issuer default rating from AAA to AA+, citing expected deterioration in fiscal conditions over the next three years [3] Group 2 - The Nasdaq index fell by 2.1%, marking its second-largest drop of the year, following AMD's earnings report [4] - AMD's CEO Lisa Su indicated that the company is emerging from a "turbulent period" in the PC industry, with expectations for growth in the second half of the year [4] - AMD is one of the few companies producing high-end GPUs necessary for artificial intelligence, and analysts are monitoring its server chips for potential market share gains against Intel [4] - AMD is collaborating closely with partners like Microsoft to leverage AI, enhancing productivity through computing [4] - In Q2, AMD launched a new chip aimed at building and running AI models similar to OpenAI's ChatGPT, with MI300X chips currently being sampled to customers and production expected to ramp up in Q4 [4][5]