AMD Reports Profit Beat, But Data Center Sales Fall Short of Expectations

Collitcomedia05 Feb, 2025Business

Advanced Micro Devices (AMD) reported better-than-expected earnings and revenue for the fourth quarter of 2024, surpassing Wall Street’s consensus estimates. However, despite these positive figures, the company’s stock fell by approximately 6% in extended trading, primarily due to a shortfall in its crucial data center revenue.