AMD's Q4 earnings met expectations at $6.17B, but Q1 guidance (~$5.4B) fell short of analysts' $5.73B, resulting in stock decline.

AMD's fourth-quarter earnings report showed revenue of $6.17 billion, meeting expectations but having lower-than-anticipated guidance for the first quarter. AMD's data center segment revenue grew 38% from the previous year, driven by growth in its graphics computing chips. The chipmaker projects its first-quarter revenue to be approximately $5.4 billion, with analysts predicting $5.73 billion. AMD's stock fell following these results.

January 30, 2024
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