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. 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.

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.

Investors dropped shares of Advanced Micro Devices after its latest earnings. Its CEO says they should be excited about what's ahead this year.

AMD's share price dropped 13% after its latest financial report, and even though it recorded record revenue, CEO Lisa Su is now out there calming nerves.

After AMD reported $3 billion in operating expenses for its December quarter, it expects $3.5 billion for the March quarter. That projected increase garnered the attention of Bernstein's Stacy Rasgon,

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.