AMD shares plummeted more than 8% on Tuesday, despite the company's record sales for the fiscal quarter. Earlier, SpaceX CEO Musk said he decided to fully adopt Nvidia's platform. On Tuesday afternoon, during two conflicting earnings calls, AMD highlighted the surge in data center chip sales, while Musk praised its biggest competitor and market leader Nvidia. Explaining his AI computing infrastructure investment strategy to investors, Musk said, “We will decide to fully adopt Nvidia's platform in the future because we think Blackwell is the best architecture.”

AMD shares plummeted more than 8% on Tuesday, despite the company's record sales for the fiscal quarter. Earlier, SpaceX CEO Musk said he decided to fully adopt Nvidia's platform. On Tuesday afternoon, during two conflicting earnings calls, AMD highlighted the surge in data center chip sales, while Musk praised its biggest competitor and market leader Nvidia. Explaining his AI computing infrastructure investment strategy to investors, Musk said, “We will decide to fully adopt Nvidia's platform in the future because we think Blackwell is the best architecture.”