Advanced Micro Devices beat first-quarter revenue estimates by a small margin on Tuesday as tepid demand for semiconductors used in traditional data centers added to weakness in the market for gaming chips. Enterprises rushing to adopt generative AI have prioritized spending on AI server chips, hitting demand for traditional server semiconductors, which constitute a large portion of AMD's revenue.
Q1 2024 Metals Acquisition Ltd Earnings Call
Chipmaker Advanced Micro Devices matched Wall Street's earnings target for the first quarter but sales were a tad light.