Advanced Micro Devices Inc. reported disappointing results for its data center division, signaling that it’s not making gains on Nvidia Corp. in the market for artificial intelligence computing.
Though AMD’s overall revenue topped estimates — and it provided a solid forecast for the current period — the data center unit was seen as a weak spot. Shares of the chipmaker slid 5% in late trading after the report was released.
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https://www.bloomberg.com/news/articles/2025-02-04/amd-s-strong-forecast-eases-concerns-about-ai-chip-slowdown