AMD posts fourth-quarter revenue of $10.27 billion, beating market expectations, but its shares tumble 9 percent after its first-quarter guidance falls short of some analysts' forecasts, CNBC reports on Feb. 4.
AMD shows growth potential as demand for AI chips rises, but investors want better results, CNBC reports. AMD expects first-quarter revenue of $9.8 billion, plus or minus $300 million, but some analysts expect more.
Chris Rolland (크리스 롤랜드), an analyst at Susquehanna, appears on CNBC's "Closing Bell Overtime" and says market expectations are too high. He says fourth-quarter results are less positive than expected as China revenue is included. He adds that demand for AMD chips for data centres remains strong and that large contracts are scheduled.
AMD announces a partnership with OpenAI in October last year that includes selling a 10 percent stake. OpenAI plans to deploy AMD Instinct GPUs at a scale of 6 gigawatts from the second half of 2026.
Chi-gyu Hwang (황치규)
delight@d-today.co.kr