AMD Stock Falls 8% In Wednesday Pre-Market: What's Going On?

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AMD Stock Falls 8% In Wednesday Pre-Market: What's Going On? - Benzinga

Quick Summary:

What Happened: The company’s data center division, its largest revenue contributor, generated $3.9 billion in the fourth quarter, falling short of the projected $4.1 billion.

The company also anticipates data center revenue for the first quarter of 2025 in the range of $6.8 billion to $7.4 billion.

Advanced Micro Devices, Inc. (NASDAQ:AMD) saw its shares drop nearly 8% in Wednesday’s pre-market trading following a less-than-stellar growth forecast for its data center revenue.