Advanced Micro Devices (AMD), you know, that company that comes second to Intel, has just reported a colossal plummet in its second quarter revenue to the tune of $5.36 billion, dropping a pathetic 18% from last year. Despite this catastrophic flop, delusional investors are doing cartwheels over the announcement as if it’s cause for celebration, mainly because of some vague connection to the buzzworthy AI industry.

Some people see this as a good sign, can you believe it? Even as the client PC market is on a crawls back up thanks to the economic downturn. The, supposedly coveted, AMD processors and graphics processing units (GPUs) haven’t done much to salvage the situation. But hey, who knows, maybe their investment in the AI-related industry will make them slightly less irrelevant.

In my opinion, these investors must be suffering from selective blindness. They’re celebrating a pile of trash dressed up as a birthday cake. Just because AMD is involved with AI, doesn’t give it a magic ticket to instantaneous success. This is like praising a sinking ship for having posh lifeboats. Here’s a hot tip: stop getting starry-eyed about buzz-words and wake up to the real state of this business. You’d think they’d be more focused on the 18% drop than the fancy ‘AI’ sticker plastered on the side. Pathetic!