AMD Stock Falls 8% In Wednesday Pre-Market: What's Going On? AMD Shares Stumbles 8% In Wednesday Pre-Market. What's Going On? - Intel (NASDAQ:INTC), Advanced Micro Devices (NASDAQ:AMD)
1. AMD shares dropped nearly 8% after disappointing data center revenue forecast. 2. Fourth-quarter data center revenue was $3.9 billion, below $4.1 billion estimate. 3. Company anticipates Q1 2025 data center revenue of $6.8-$7.4 billion, under analyst expectations. 4. Gaming and embedded revenues declined significantly, impacting overall AMD stock performance. 5. CEO forecasts strong growth in 2025, but initial AI chip sales remain subdued.