The truth is AMD had a lousy quarter just like every other chip company,Nvidia being the worst. AMD also indicated it's going to have a lost Q1.
What's moving AMD is the promise that starting Q2,it will be great because by then, Rome will be out, new GPU's will be out and the crypto hangover will be past...
I call bullsh1t on a lot of these if's... But hey, Wall Street and average Joe speculators bought the story.