AMD’s AI chip revenue miss hits shares amid pressure from Nvidia

Advanced Micro Devices AMD-Q shares tumbled 8 per cent on Wednesday after the company’s AI chip revenue failed to meet analysts’ high expectations, underscoring its struggle to grab market share from well-entrenched market leader Nvidia NVDA-Q.

The company’s fourth-quarter data center revenue, which reflects demand for its AI processors, jumped 69 per cent to $3.9-billion, missing the consensus estimate of $4.15-billion.

AMD’s AI chip revenue miss hits shares amid pressure from Nvidia comes via ChinaTechNews.com.