💨 Abstract

Advanced Micro Devices' Q4 results surpassed estimates, but shares dropped 10% due to underperformance in AI chips compared to Nvidia. AMD's data center revenue was $3.9B vs expected $4.15B. For 2024, AMD reported $5B in AI chip revenue. AMD expects data center sales to drop 7% in the current quarter.

Courtesy: theprint.in

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