AMD Stock Plummets on AI, Data Center Revenue Miss
Advanced Micro Devices reported better-than-expected earnings results, but soft data center revenue sparked a selloff in the stock.The semiconductor company reported fourth-quarter adjusted earnings per share of $1.
AMD shares tumble as CEO forecasts declining data center sales
Advanced Micro Devices failed to impress investors waiting for the chipmaker to gain ground against AI heavyweight Nvidia , even as its quarterly results and revenue outlook exceeded analyst estimates on Tuesday.
AMD Earnings: Data Center and PC Shine
AMD's PC-centric client segment also shined, with revenue up 58% year over year to $2.3 billion. The company is likely benefiting from Intel 's ( INTC -0.46%) struggles. Intel's PC chips have been a mixed bag as of late in terms of performance, with its Arrow Lake desktop CPUs particularly disappointing.
AMD sees Q1 data center revenue down quarter-over-quarter
Sees AI data center demand environment to strengthen in 2025. Sees AI chip at tens of billions in next couple of years. Says cheaper AI models
AMD shares drop as data-center sales disappoint Wall Street despite AI chip growth
AMD shares fell by nearly 9% in after-hours trading, but the chipmaker is talking up a strong second half to 2025.
AMD Fourth-Quarter Data Center Sales Miss Estimates; Forecasts Sequential Revenue Decline
Advanced Micro Devices (AMD) shares fell early Wednesday as the chipmaker forecast a sequential decline in revenue for the first quarter and reported weaker-than-expected data center sales for the fourth quarter despite upbeat top- and bottom-line results.
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