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00:02Advanced Micro Devices shares fell 17 percent on Wednesday, after investors reacted to what
00:07some analysts viewed as a weak first-quarter outlook, according to CNBC.
00:12CEO Lisa Su defended the forecast in a CNBC interview, saying demand has accelerated in
00:18recent months and continues to outstrip available compute.
00:22Su said AMD's data center business accelerated from the fourth to the first quarter and described
00:27demand for central processing units as strong as companies expand enterprise AI workloads.
00:32The company reported fourth-quarter results that exceeded Wall Street expectations,
00:36though some analysts said a weak outlook overshadowed the performance.
00:40The company forecast first-quarter revenue of $9.8 billion, plus or minus $300 million,
00:47compared with expectations of $9.38 billion. Su said AMD expects an inflection point in the
00:53second half as shipments of its Helios AI system begin. For all things money, visit Benzinga.com.
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