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’s AI Revenue Jumps, But Misses Estimates
The Santa Clara, Calif., chip maker posted a profit of $482 million compared with $667 million, a year earlier. For the current quarter, AMD guided for revenue between $6.8 billion and $7.4 billion.
AMD disappoints investors with AI chip sales, but forecast tops estimates
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 Forecasts First-Quarter Revenue Above Estimates
The company expects revenue of about $7.1 billion, plus or minus $300 million in the first quarter, compared with analysts' average estimate of $6.99 billion according to data compiled by LSEG.
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 shares drop 10% on disappointing data center revenue
Advanced Micro Devices shares fell on Wednesday after the chipmaker under-delivered on Wall Street's estimates for its important data center business.
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.
Analysts overhaul AMD stock price targets following Q4 earnings
Advanced Micro Devices shares moved sharply lower in early Wednesday trading after the chipmaker underwhelmed Wall Street ...
AMD Reports Fourth Quarter and Full Year 2024 Financial Results
AMD (NASDAQ:AMD) today announced financial results for the fourth quarter and full year of 2024. Fourth quarter revenue was a record $7.7 billion, gross margin was 51%, operating income was $871 ...
Big Four accounting firm finds 'sweet spot' with new Santa Clara office
KPMG officially ramped up operations at its new home in Santa Clara Square last week. The office, at 2755 Augustine Drive, is ...
AMD shares dive as AI chip revenue disappoints investors
AMD, one of the biggest providers of chips for personal computer and servers, reported quarterly results and revenue outlook ...
Advanced Micro: Q4 Earnings Snapshot
Advanced Micro Devices Inc. (AMD) on Tuesday reported fourth-quarter profit of $482 million. The Santa Clara, California-based company said it ...
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AMD to Report Fiscal Fourth Quarter and Full Year 2024 Financial Results
SANTA CLARA, Calif., Jan. 14, 2025 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) announced today that it will report fiscal fourth quarter and full year 2024 financial results on Tuesday, Feb. 4 ...
AMD stock plunges 10% despite beating sales expectations
Shares of Advanced Micro Devices (AMD) tumbled more than 10% on Wednesday morning, hitting a new 52-week low despite the ...