AMD’s first-quarter sales forecast of $9.8 billion fell short of investor expectations, leading to a 5% drop in stock after hours, affecting the AMD and AI sectors. The forecast was below some investors’ hopes of over $10 billion, despite being above the average analyst projection of $9.39 billion.
AMD remains behind Nvidia in AI computing. The company’s slower-than-expected growth in AI may be a concern for investors.
⚡ Why it matters: The disappointing forecast may impact AMD’s ability to compete with Nvidia in the AI market.
🔗 Source: Market reports
