AMD did not break out a specific revenue number or forecast for its AI chips, a move that is bothering investors.

By Kanchana Chakravarty and Zaheer Kachwala (Reuters) -Advanced Micro Devices shares tumbled 8% on Wednesday after the company's AI chip revenue failed to meet analysts' high expectations, underscoring its struggle to grab market share from well-entrenched market leader Nvidia.

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.

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 stock plunged after the chipmaker reported weaker-than-expected sales of chips for artificial intelligence data centers.

AMD (AMD) stock plunged after its weak near-term outlook on data center growth prompted analysts to cut price targets, despite quarterly