AMD falls 9% despite earnings beat as CapEx costs soar

Chipmaker AMD (AMD) easily topped Street consensus forecasts on both the top and bottom lines, but reported CapEx spending of $808 million against estimates for just shy of $300 million.

Shares are lower by 9.15% in after-hours trading.

Among those down in concert are Intel (INTC), off 1.5%, and Marvel (MRVL), off 1.2%.

Original sourceCoinDesk

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