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."

Advanced Micro Devices Inc. suffered its worst stock decline in nearly nine years after the chipmaker’s sales forecast underwhelmed investors, a sign it’s not making the AI inroads that Wall Street anticipated.

Traders were looking for a reason to take their gains off the table.

Advanced Micro Devices (NASDAQ:AMD) is the latest large-cap tech company to plunge after the release of some strong quarterly earnings results. Indeed, it feels like impressing on earnings is a painfully difficult task this time of year.

AMD beat earnings with record AI and data center revenue, yet shares fell 10%. Is the sell-off a buy-the-dip opportunity?

Advanced Micro Devices Inc. shares tumbled by the most in more than three years on Wednesday after the chipmaker’s sales forecast underwhelmed investors, a sign that it’s not making the AI inroads that some on Wall Street anticipated.

Alphabet expects capital expenditure for 2026 to come in between $175 billion and $185 billion — at the higher end, capex will more than double from last year.