Advanced Micro Devices reported second-quarter revenue of $7.69 billion, a 32 percent increase from a year earlier, with adjusted earnings of $0.48 a share. The chipmaker said it expects third-quarter sales of about $8.7 billion, roughly $400 million above analysts’ consensus, citing record server and PC processor demand and a ramp-up of its Instinct MI350 series AI accelerators. Despite the upbeat results and guidance, AMD shares fell 6.6 percent on Wednesday to roughly $166, paring but not erasing a 33 percent gain for the year. Some investors were unsettled by slowing data-center margins and a warning from a former company executive that GPU prices could rise and pressure gaming revenue. Wall Street analysts largely viewed the pullback as a buying opportunity. Rosenblatt Securities reiterated a Buy rating and raised its price target to $200, Susquehanna lifted its target to $210, and New Street Research set a Street-high target of $230 while maintaining a Buy. Wells Fargo kept an Overweight rating and a $185 target, and Stifel Nicolaus also stuck with a Buy recommendation. Analysts broadly expect accelerating shipments of the forthcoming MI355X and MI308X accelerators, along with continued gains in CPUs and gaming chips, to bolster AMD’s position in the fast-growing market for artificial-intelligence computing through the second half of 2025.