"AMD's Stock Drops on Q1 Guidance, But Raises 2024 AI Chip Outlook"
TL;DR Summary
AMD's stock dropped 2.5% due to light Q1 guidance, despite Q4 results meeting expectations. The company's Q4 2023 revenue slightly surpassed estimates, with strong performance in the data center and client segments, but declines in gaming and embedded segments. Q1 2024 revenue guidance fell short of Wall Street's expectations, but AMD raised its 2024 outlook for data-center AI chip sales, expecting revenue to exceed $3.5 billion.
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