Why AMD's stock is diving toward its worst day in years after earnings

Earnings - AMD reported fourth-quarter revenue of $10.3 billion, which exceeded consensus estimates; however, this figure included $390 million in revenue from China that was not accounted for in Wall Street's projections [1][1][1] - The stock of AMD experienced a decline of over 13% following the earnings report, indicating market disappointment despite the revenue beat [1][1][1] Outlook - High operating expenditures are contributing to the negative sentiment surrounding AMD's earnings report, overshadowing what initially appeared to be a strong performance [1][1][1]