Reported 24 days ago
Advanced Micro Devices (AMD) faced a downturn in stock prices after missing earnings guidance, prompting concerns about its competitive stance against Nvidia in the AI sector. Analysts discussed the impact of AMD's ban on chip sales to China, highlighting that while AMD's data center revenue rose by 14%, it still lags significantly behind Nvidia's soaring performance, which saw a 73% increase in its data segment. With increasing questions surrounding future guidance, investors are left evaluating AMD's role in the evolving AI landscape.
Source: YAHOO