I think it's as simple as them seeing other companies getting massive cash infusions from our (totally not socialist) federal government and wanted a piece of the pie?
I don't disagree about their financials, it's regarded. However, it's even more regarded not to at least try for the free money.
We have seen repeatedly that corporations will NOT do the right thing and reduce prices after events outside their control increase pricing. There’s zero chance we will see meaningful savings nor will you see refund checks for corporations. This is pie in the sky nonsense.
who's to say a new paradigm won't arrive here? At the end of the day the bottom line is AMD is already overvalued compared to Nvidia, an 11% beat doesn't change that. Perhaps the market expects AMD to start eating some of nvidia's pie but these earnings certainly don't show that