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00:02AMD shares fell sharply after hours as investors sought a stronger AI outlook
00:07tied to the company's Helios platform, even though second quarter results beat expectations,
00:13according to Benzinga. Futurum Group CEO Daniel Newman said AMD delivered solid results,
00:19but investors expected stronger Helios-driven guidance,
00:22while the company has historically taken a conservative forecasting approach.
00:27Moorhead urged investors to wait for AMD's full earnings call before drawing conclusions,
00:32noting that its data center business doubled year over year without a meaningful contribution from Helios.
00:38Helios shipments are beginning now, with volumes expected to ramp in the fourth quarter.
00:43AMD's capital expenditures rose to $808 million from $282 million a year earlier
00:50and $389 million in the first quarter.
00:52Shares closed Tuesday up 7% at $518.58 and fell 8.8% to $402.94 in after-hours
01:01trading,
01:01according to Benzinga Pro.
01:03For all things money, visit Benzinga.com.
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