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.
The company’s fourth-quarter data center revenue – a proxy for its AI performance – jumped 69% to $3.9 billion, compared with the consensus estimate of $4.15 billion.
“AMD may still be taking market share from…
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https://finance.yahoo.com/news/amd-shares-dive-over-8-071833031.html
