AMD Beats Wall Street Q4 Estimates, Data Center Segment Falls Short

Benzinga

Advanced Micro Devices posted fourth-quarter earnings and revenue that surpassed Wall Street expectations, but its data center segment came in below expectations. Data center revenue rose 69% year-over-year but missed analysts' expectations. AMD’s fourth-quarter net income and earnings per share decreased compared to the previous year despite increased demand for its AI graphics processing units. Shares fell 6% in after-hours trading.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02ZAM's micro devices posted fourth quarter earnings and revenue that surpassed Wall

00:07Street expectations, but its data center segment came in below expectations.

00:11Data center revenue rose 69% year over year, but missed analysts' expectations.

00:16AMD's fourth quarter net income and earnings per share decreased compared to the previous year,

00:21despite increased demand for its AI graphics processing unit.

00:25Shares fell 6% in after hours trading.

00:27For all things money, visit Benzinga.com slash GSTV.

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