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AMD's AI chip revenue miss knocks shares amid intense rivalry with Nvidia

By Kanchana Chakravarty and Zaheer Kachwala (Reuters) -Advanced Micro Devices shares tumbled more than 10% on Wednesday after the company's AI chip revenue failed to meet lofty expectations, reinforcing its struggles to grab market share from well-entrenched market leader Nvidia.

Business Standard · 22m

AMD's AI chip Q4 revenue miss knocks shares amid rivalry with Nvidia

The company's fourth-quarter data center revenue - a proxy for its AI performance - jumped 69 per cent to $3.9 billion, compared with the consensus estimate of $4.15 billion

Barron's on MSN · 1h

Nvidia Stock Rises. Why AMD, Alphabet Earnings Are Boosting the AI Chip Maker.

Nvidia was gaining early on Wednesday after Google parent Alphabet committed to spending on artificial-intelligence infrastructure and rival Advanced Micro Devices’ AI chip revenue disappointed. Nvidia shares were up 3.

Alphabet, AMD earnings spark Nasdaq, S&P 500 dip

USA TODAY on MSN · 1h

Stock market decline: Alphabet, AMD earnings spark Nasdaq, S&P 500 dip

US stocks opened lower Wednesday as the Nasdaq and S&P 500 felt impact from Alphabet, AMD and renewed AI worries.

Business Insider · 4h

AMD Stock Dips After Earnings, Sparking Fears About Its AI Future

Advanced Micro Devices (NASDAQ:AMD) recently released its Q4 earnings report, and despite surpassing earnings expectations, the stock took a

Kiplinger · 1h

AMD Stock Falls Despite Earnings Beat: What to Know

Advanced Micro Devices beat expectations for its fourth quarter but AMD stock is still tumbling Wednesday. Here's why.

2hon MSN

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 ...

AMD's AI bets face investor scrutiny as Big Tech switches to custom chips

AMD investors will closely examine the chip designer's artificial intelligence strategy when it reports fourth-quarter ...

3hon MSN

AMD tumbles after concerns over AI revenue growth gets rating cut at Citi

AMD's stock fell on Wednesday after fourth quarter results, as Data Center revenue missed expectations, which drew mixed ...

Mark Zuckerberg Just Delivered Incredible News for Nvidia, AMD, and Micron Stock Investors

Advanced Micro Devices (AMD 4.58%), and Micron Technology (MU 0.82%) plunged on news that a Chinese start-up called DeepS ...

devdiscourse1h

Wall Street Woes: AI Investments and Disappointing Earnings Forecasts Rattle Markets

Major indexes on Wall Street fell as disappointing financial forecasts from Alphabet, AMD, and other corporations undermined ...

AMD sees massive 24% revenue surge in Q4 but 28% lower profit dipped shares

Quarterly revenue beat AMD's forecast of roughly $7.5 billion. Net income was $482 million, down 28 percent from the year-ago period's $667 million profit.

Google introduces new class of cheap AI models as cost concerns intensify

Alphabet's Google on Wednesday announced updates to its Gemini family of large language models, including a new product line ...

AI Chips Update - AMD Drives Innovation With Record Revenue In The AI Industry

Recent developments in the AI chip market highlight significant advancements as companies rapidly push technological ...

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