In a surprising turn of events, Advanced Micro Devices, Inc. (NASDAQ: AMD) saw its shares drop nearly 8% in Wednesday's pre-market trading following a less than stellar growth forecast for its data center business. The company announced its results announced after the market close on Feb.4.

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)

AMD shares dropped nearly 8% after disappointing data center revenue forecast.
Fourth-quarter data center revenue was $3.9 billion, below $4.1 billion estimate.
Company anticipates Q1 2025 data center revenue of $6.8-$7.4 billion, under analyst expectations.
Gaming and embedded revenues declined significantly, impacting overall AMD stock performance.
CEO forecasts strong growth in 2025, but initial AI chip sales remain subdued.

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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)

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