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## Key Facts

- Steve Marcus | Reuters AMD reported first-quarter earnings and sales on Tuesday that were slightly ahead of Wall Street expectations, and provided an in-line forecast for the current quarter.
- AMD said it expects about $5.7 billion in sales in the current quarter, in line with Wall Street estimates of the same approximate total.
- AMD said its closely-watched Data Center segment grew 80% on a year-over-year basis to $2.3 billion thanks to sales of its MI300 AI chip, which competes with Nvidia’s AI graphics processors.
- AMD said it had sold over $1 billion of the AI chips since it launched in the fourth quarter of 2023.

[Click To Read Full Article](https://www.cnbc.com/2024/04/30/amd-gaming-revenue-falls-48percent-year-over-year-and-the-stock-is-down.html)

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AMD says it will sell $4 billion in AI chips this year, but stock drops

PERCENT

MONEY

PRODUCT

EVENT

INFRASTRUCTURE

GEOGRAPHY

ORGANIZATION

PERSON

MISCELLANEOUS

Intel Corporation

Sony Group Corporation - ADR

Microsoft Corporation

Oracle Corporation

Advanced Micro Devices Inc.

NVIDIA Corp

about 6%

about 2%

61 cents

9 cents

7 cents

$1.4 billion

$123 million

$942 million

over $1 billion

$2.3 Billion

$846 million

$139 million

about $5.7 billion

$3.5 billion

$969 million

$5.46 billion

$5.47 billion

$4 billion

62 cents

$922 million

PlayStation 5

EPYC

Data Center

U.S.

Las Vegas

Nevada

Nvidia

Intel

Sony

Oracle

Microsoft

Lisa Su

Steve Marcus