AMD CEO Lisa Su Responds to Musk's Nvidia AI Chip Comment; Stock Falls 7% Despite Strong Q2 Earnings

AMD-5.99%
NVDA-1.42%
On August 5, AMD CEO Lisa Su dismissed Elon Musk's recent comments about SpaceX exclusively using Nvidia AI chips, appearing on CNBC. Su expressed respect for Musk's accomplishments and said she expects a long-term partnership to continue. This came after AMD's strong second-quarter results, with revenue reaching $11.54 billion, up 50% year-over-year and exceeding market expectations of $11.28 billion. Despite the solid earnings, AMD shares fell 7%, according to Yonhapnews Infomax.
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