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AMD stock crashes 22% after earnings, but CEO is confident

  • Posted byby Dean Takahashi
  • Updated
  • 2 min

Advanced Micro Devices saw its stock price plummet as much as 22.5 percent in after-hours trading after it reported third-quarter revenues that were slightly less than the market expected and forecast conservative growth for the fourth quarter.

AMD’s stock fell along with much of the broader market, which was down about 3 percent today based on concerns about the economy.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.