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On February 5, it was revealed that AMD's data center segment underperformed expectations, underscoring the company's struggle to outpace NVIDIA in the competitive AI computing market. Despite AMD's overall revenue surpassing forecasts and offering a robust current quarter projection, the data center segment displayed significant weakness. Following the earnings report, AMD's stock price declined by nearly 4% in after-hours trading. The segment reported revenues of $3.86 billion for the fourth quarter of last year, representing a 69% year-over-year increase but falling short of analysts' estimates of $4.09 billion. AMD anticipates total sales of $6.8 billion to $7.4 billion for this quarter, exceeding the average analyst estimate of $7.04 billion. This earnings report has intensified market worries about AMD's sluggish momentum in the AI device sector.
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