BUZZ-AMD shares hit 15-month low after AI chip revenue disappoints
ReutersFeb 5, 2025 3:51 PM
Shares of AMD AMD.O down 10.4% at $107.07, steepest decliner on the Nasdaq 100 index .NDX
Stock hits lowest since Nov. 2023 as its Q4 data center revenue, a proxy for its AI revenue, misses analyst estimates
Co declines to give a forecast for its AI chips
Overall, the share gains in the core business are not enough to offset the AI miss and we lower our PT to $135 from $190 - Jefferies analyst Blayne Curtis
Stock down 11% YTD vs 2.5% gain for S&P 500 .SPX
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