AMD’s share price fell by nearly 9% in after-hours trading, after the company disappointed Wall Street with its data-center sales.
Chief executive Lisa Su’s semiconductor giant actually beat analyst estimates for overall sales and earnings, with $7.1 billion in first-quarter revenues rather than an expected $7 billion. It even reported $3.86 billion in quarterly data-center sales, representing a 69% year-on-year increase, but analysts had been hoping for $4.14 billion.
