AMD Stock Collapses: High Expectations, China Boost To Blame

Advanced Micro Devices, Inc. (NASDAQ:AMD) stock plummeted 17% on Wednesday, wiping out over $30 billion in market value and heading for its worst day since 2017. The company's Q4 headline numbers showed a record $10.3 billion in revenue, but the quality of the beat and AMD's forward guidance left something to be desired. AMD stock is tanking. See the chart and price action here. The China WindfallA significant portion of AMD's Q4 beat was attributed to a one-time surge in sales to China. CEO Lisa Su clarifi ...