Earnings Results: ‘AI for us is broader than cloud,’ AMD CEO tells analysts, but chip maker still needs PC recovery to improve margins

by | May 2, 2023 | Stock Market

Advanced Micro Devices Inc. shares fell in the extended session Tuesday as the chip maker highlighted its AI and data-center products for the second half of the year, but admitted it will take a rebound in the PC market to improve gross margins. AMD AMD shares fell 6.5% after hours, following a 0.3% rise to close the regular session at $89.91, less than 0.1% above what they were 12 months ago. AMD…

Article Attribution | Read More at Article Source

Share This