AI Hardware Stocks Get Pummeled Even as Big Tech Keeps Spending
- AMD, Super Micro Computer have sold off despite strong reports
- Big gains across sector this year have raised expectations
Advanced Micro Devices Inc. processors and memory chips.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
The good news for makers of semiconductors and other artificial intelligence computing hardware: tech giants plan to keep spending heavily. The bad news is that investors are harder to impress this earnings season.
Shares of Advanced Micro Devices Inc. and Super Micro Computer Inc. have sold off despite projections of rising sales from buyers of equipment used in data centers.