AMD Slips 5% After Q4 Earnings Miss Data Center Revenue But Beat Top & Bottom Line Estimates
Chip designer Advanced Micro Devices, Inc. delivered a tepid set of earnings that saw the firm beat analyst estimates for most metrics except for its data center business. AMD's data center miss indicated that the firm's ability to capture the AI market from NVIDIA is more constrained than Wall Street had estimated. While analysts polled by FactSet were expecting AMD to earn $4.14 billion in data center revenue, AMD brought in $3.9 billion instead for a hefty miss. AMD's Client Computing Business Shines In Q4 & Grows Sales By 52% Annually Ahead of AMD's earnings, analysts polled by FactSet had […]