AMD shares drop 7.3% in premarket despite strong earnings

1. 1AMD (Advanced Micro Devices) shares fall 7.3% in premarket trading despite record revenue and guidance beat
2. 2Q2 revenue of $11.54 billion and adjusted EPS of $1.66 exceed expectations; Q3 revenue guidance of approximately $13.0 billion
3. 3Gross margin of 54% and capex surge to $808 million; SpaceX's shift to Nvidia offsets the strong results

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