While Nvidia dominates in AI GPUs, analysts still see room for AMD to capture a meaningful slice of the market.

AMD stock price crashed by over 6% in the extended hours after the blue-chip semiconductor company published mixed second-quarter results.

Advanced Micro Devices Inc. earnings are expected to show the chipmaker is increasingly benefiting from the artificial intelligence arms race. The question is whether it’s enough to justify a rally that has outpaced Nvidia Corp.