AMD Stock Drops Despite New AI Chip Unveiling, Lack of Customer and Financial Details Weighs on Investors

AMD`s stock experienced its largest drop in weeks after the company revealed new AI chips without disclosing customer information or financial results. While CEO Lisa Su asserted that their latest chips outperform competitors like Nvidia in some aspects, investors remain eager for concrete evidence of progress, potentially expecting it in the upcoming earnings report. Although AMD has become Nvidia`s closest competitor in the AI chip market, it still has ground to cover. Despite not revealing specific financial details about the new chips, AMD anticipates substantial growth in this sector.