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Video: Advanced Micro Devices Surge on Earnings Amid Broad Tech Decline

The technology sector may be selling off thanks to weaker-than-expected earnings from Facebook, but Advanced Micro Devices posted its best earnings in years Thursday.
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The technology sector may be selling off thanks to weaker-than-expected earnings from Facebook (FB) - Get Meta Platforms Inc. Report , but Advanced Micro Devices (AMD) - Get Advanced Micro Devices Inc. Report posted its best earnings in years Thursday.

Matthew Cheslock, an equity trader with Virtu Financial, based on the floor of the New York Stock Exchange, expects investors to differentiate FANG from the rest of the technology sector, amid the dramatic selloff in Facebook.

FANG is an acronym for Facebook, Amazon (AMZN) - Get Amazon.com Inc. Report , Netflix (NFLX) - Get Netflix Inc. Report and Alphabet's (GOOGL) - Get Alphabet Inc. Report .

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