Posted 1/31/2024, 2:12:55 AM
AMD Stock Drops Despite Q4 Revenue Growth on Cautious Q1 Outlook
- AMD reported $6.2B revenue for Q4 2023, up 10% YoY, but stock dropped 6% due to lower-than-expected guidance for Q1 2024
- Datacenter revenue hit record $2.3B, up 38% YoY, on strong demand for EPYC CPUs and Instinct AI GPUs
- Client revenue grew 62% YoY to $1.5B as Ryzen 7000 sales increased, but declined 25% for the full year
- AMD has $3.5B in preorders for new MI300 AI GPUs, but says it won't be supply constrained like Nvidia
- AMD expects significant drops in Q1 revenue for gaming (over 30% decline) and embedded segments, forecasting total revenue around $5.4B