Strong Data Center sales not enough to propel AMD

Seasonal weakness was to be expected, but the stock took a hit on weak guidance.

May 2, 2024

Andy Patrizio

AMD’s data center business is the strongest category, but analysts were hoping for better projections for the coming quarters. What do we think? Don’t look now, Intel, but that’s AMD on your six. While you’re trying to become the new TSMC, AMD’s data center revenues have almost caught up with yours ($3.0 billion for Intel versus $2.3 billion for AMD). And that’s with lower ASPs than yours.And yet, AMD’s stock got hammered in after-hours trading because it didn’t give the kind of guidance on the GPU side that analysts were looking for. It’s a bit of an unrealistic expectation that AMD will

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Strong Data Center sales not enough to propel AMD

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