AND stock gets crushed on AI slowdown, sinks 17% after earnings

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  • AMD stock dropped 17% Wednesday.
  • Some analysts had predicted the chipmaker would provide stronger guidance for the first quarter amid an ongoing artificial intelligence boom.
  • AMD’s stock has surged more than 100% in the past year on the back of rising demand for chips.

Chipmaker Advanced Micro Devices
dropped 17% on Wednesday after its first-quarter forecast fell short of some analyst expectations.

AMD reported revenue of $10.27 billion for the fourth quarter that topped LSEG consensus estimates of $9.67 billion on Tuesday.

The company said it expects $9.8 billion in revenue for the first quarter, plus or minus $300 million, versus expectations of $9.38 billion. But some analysts had predicted the chipmaker would provide stronger guidance for the first-quarter amid an ongoing boom in spending for the processors needed to power artificial intelligence.

https://www.cnbc.com/2026/02/04/amd-stock-earnings-forecast-chips.html

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