TradingKey – AMD (AMD) ‘s second quarter 2026 should have been bullish for the stock, but the company lost money instead. Revenue for the quarter was an astounding $11.536 billion, a 50% increase year-over-year, and crushed the consensus estimate. For the segment, the Data Center brought in $6.7 billion, an incredible 107% increase, and represented 58% of the company’s overall revenue, highlighting the success of AMD’s push into the AI infrastructure over Intel’s foundry issues. Gross margins were maintained at 56%, non-GAAP. Even with the beat, the stock initially dropped 3% on the earnings release and by August 10, it had fallen even further down and decisively broke the $475.81 support level. 

Investors should note that with an RSI…