By TradingView
Publication Date: 2026-02-04 11:11:00
Shares of Advanced Micro Devices AMD slid about 8% on early Wednesday trading after forecasting a slight decline in first-quarter revenue, raising concerns about its ability to narrow the gap with Nvidia 
NVDA in artificial intelligence chips.
The company said it expects quarterly revenue of about $9.8 billion, plus or minus $300 million. That compares with $10.27 billion in the prior quarter, which marked strong year-on-year growth.
The forecast includes roughly $100 million from sales to China, where export rules remain fluid. AMD has licenses to sell modified versions of its MI300 series chips in the country. Management said the situation remains dynamic.
Data-center revenue rose 39% in the fourth quarter to $5.38 billion. Excluding China-specific chip sales, the segment would have come in slightly below market estimates.
AMD is accelerating product launches and moving into full AI systems, similar to rack-scale offerings from Nvidia. The company also has a multi-year supply agreement with OpenAI for AI chips.
CEO Lisa Su said demand for new AI servers is expected to build in the second half of the year and that supply constraints are unlikely to limit growth.
