AMD's AI Data Center Revenue Soars but Shares Sink. Is It Time to Buy the Stock on the Dip?

Advanced Micro Devices (NASDAQ: AMD) shares fell following its Q4 earnings report as its data center revenue soared but still came in below analysts' consensus expectations. The stock is now down more than 35% over the past year, as of this writing.Let's dive into the chipmaker's fourth-quarter results to see if this dip in price could be a buying opportunity.AMD's data center business was in focus when the company reported its Q4 results. The segment's revenue surged 69% year over year and 11% sequentially to $3.9 billion. Both AMD's Instinct graphics processing units (GPUs) and EPYC central processing units (CPUs) helped drive the growth. However, analysts were expecting data center revenue to be $4.14 billion, as compiled by FactSet. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool