Although AMD's performance is disappointing, executives at Google's parent company, Alphabet, have stated that they will increase their efforts in AI expansion

As the conference call entered the Q&A session, Alphabet, the parent company of Google, saw its stock price hit a new high in after-hours trading. Executives described a company investing in artificial intelligence (AI) that also benefits from it. Clearly, they are working to correct the impression from the previous financial report that Alphabet invested billions of dollars in AI but with little return. The company's stock price temporarily rose more than 6% after hours. However, chip company AMD fell 6.8% after hours, with a volatility similar to that of Alphabet. The company's EPS met expectations, but the outlook was disappointing, with a significant decrease in free cash flow. AI optimists may be disappointed. NVIDIA's stock price also fell in after-hours trading. (Bloomberg)