AMD shares drop 10% on disappointing data center revenue
Advanced Micro Devices shares fell on Wednesday after the chipmaker under-delivered on Wall Street's estimates for its important data center business. The chipmaker reported better-than-expected results on the top and bottom lines but fell short of Wall Street expectations for its data center sales.
AMD posts record revenue but disappoints with data center segment results
Speaking during an earnings call after the results had been posted, AMD CEO Dr. Lisa Su said its data center segment contributed roughly 50 percent of the company’s annual revenue, as “Instinct and Epyc processor adoption expanded significantly with cloud, enterprise, and supercomputing customers.”
AMD shares tumble as CEO forecasts declining data center sales
Advanced Micro Devices failed to impress investors waiting for the chipmaker to gain ground against AI heavyweight Nvidia , even as its quarterly results and revenue outlook exceeded analyst estimates on Tuesday.
AMD sees Q1 data center revenue down quarter-over-quarter
Sees AI data center demand environment to strengthen in 2025. Sees AI chip at tens of billions in next couple of years. Says cheaper AI models
AMD shares drop as data-center sales disappoint Wall Street despite AI chip growth
AMD shares fell by nearly 9% in after-hours trading, but the chipmaker is talking up a strong second half to 2025.
AMD’s AI Revenue Jumps, But Misses Estimates
The Santa Clara, Calif., chip maker posted a profit of $482 million compared with $667 million, a year earlier. For the current quarter, AMD guided for revenue between $6.8 billion and $7.4 billion.
The data center boom drives growing profits for Singaporean asset manager Keppel
Keppel's connectivity segment, which handles its data center business, was the only part that reported growth in profits last ...
An Ohio data center plans to build a natural gas plant as the AI boom creates an electricity strain
Developers for Powerconnex have notified Ohio regulators of plans to build a 120 MW natural gas plant to power a data center ...
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Former data center in Corbin, Kentucky, for sale
A former data center in Corbin, Kentucky is up for sale. Located at 2400 S Main Street, the facility is listed for $1.1 ...
Washington Governor Orders Team to Study Data Centers’ Impact on Energy Use, Job Creation and Tax Revenue
The Seattle Times and ProPublica reported on how the state created a massive tax break for data centers, encouraging the ...
Data center boom yields $20M office refi for Maitland Management
The firm plans to use $20 million to reposition two Dallas office buildings for data centers and AI server farms.
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The World’s First Moon Data Center Is Launching — Here’s What It Means
In 2024, Lonestar tested the world’s first software-defined data center around the moon’s orbit. Now, they want to send it to ...
Data center operator DataBank nets $250M equity investment
Data center operator DataBank has raised $250 million in an equity investment and an additional $600 million in a secondary ...
AMD Earnings: Data Center and PC Shine
Here's our initial take on Advanced Micro Devices' (NASDAQ: AMD) fourth-quarter financial report. Key Metrics Data center and PC growth AMD's overall revenue shot up 24% year over year in the fourth ...
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AI Data-Center Leader Hits All-Time High. Credit Two Reasons After DeepSeek Carnage.
Celestica stock plunged amid the DeepSeek sell off last week but soared to an all-time high on earnings and sales outlook.