tech
February 4, 2026
AMD falls 17%, posts worst day since 2017 as Lisa Su addresses guidance concerns
The CEO said that the data center business has risen from the fourth to first quarter and demand for the company's CPUs is "going gangbusters."
TL;DR
- AMD CEO Lisa Su defended the company's earnings and forecast, citing accelerating AI demand.
- The chipmaker saw a step-up in demand for its data center business in recent months.
- AMD's fourth-quarter results exceeded Wall Street expectations.
- The company issued first-quarter revenue guidance of $9.8 billion, plus or minus $300 million, which some analysts viewed as soft.
- Analysts anticipated a stronger outlook due to heightened AI spending and data center buildouts.
- AMD had a high bar after closing megadeals in the fourth quarter, including partnerships with OpenAI and Oracle.
- Su expects an inflection point in the second half of the year with the launch of its AI system, Helios.
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