AMD shares fall as first-quarter forecast comes in light
Publishing timestamp: 2024-01-30 18:56:35
Summary
AMD reported fourth-quarter earnings in line with expectations, with strong growth in server GPU sales. However, the company's first-quarter forecast fell short of expectations, causing a decline in AMD stock. AMD's data center business, fueled by sales of its Instinct graphics processors for AI, saw significant growth. The company expects further growth in its AI chips sales and is working with major cloud customers. AMD's client segment, gaming segment, and embedded segment had mixed performance.
Sentiment: MIXED
Tickers: META, NVDA, MSFT, ORCL, AMD,
Keywords: business, earnings, advanced micro devices inc, apple inc, oracle corp, technology, generative ai, artificial intelligence, lisa su, meta platforms inc, nvidia corp, business news, breaking news: technology, microsoft corp,
Source: https://www.cnbc.com/2024/01/30/amd-earnings-report-q4-2024.html