AMD's AI Revenue Rises but Falls Short of Expectations

AMD's data center division revenues, which include AI chips, increased by 69% to $3.9 billion. Advanced Micro Devices (i) reported higher quarterly revenues thanks to the significant growth of its data center business, but the results failed to impress Wall Street, causing the stock price to drop. For the quarter ending December 28, 2024, the company reported a profit of $482 million or $0.29 per share, compared to $667 million or $0.41 per share the previous year. The adjusted earnings per share came in at $1.09, slightly exceeding the $1.08...