AMD reports profit beat, but misses on data center revenue

AMD reported better-than-expected results on Tuesday, but data center revenue trailed analysts' estimates

Topics

AMD’s Q4 revenue hits $7.66B, up 24% but stock falls

Advanced Micro Devices reported revenue of $7.658 billion for the fourth quarter, up 24% from a year ago.
VentureBeat - 2h
Meta Spending to Soar on AI, Massive Data Center

The social-media giant plans to spend between $60 billion and $65 billion, the latest sign of tech companies’ accelerating investments into artificial intelligence.
The Wall Street Journal - Jan. 24
Children's data hacked after school software firm missed basic security step, internal report says

The hack of PowerSchool appears to be the largest breach of American children’s personal information to date, school officials and cybersecurity experts say.
NBC News - 4d
Data Centers Have a Cooling Problem—These Companies Are Solving It

3D Architech and Apheros are working on innovative solutions to make those big AI brains more sustainable.
Inc. - Jan. 27
Meta Spending to Soar on AI, Massive Data Center

The social-media giant plans to spend between $60 billion and $65 billion, the latest sign of tech companies’ accelerating investments into artificial intelligence.
The Wall Street Journal - Jan. 24

Trump says U.S. will own and develop Gaza, and its two million Palestinians should leave for now

The Palestinian territory Gaza has been decimated from its war with Israel, which began with the Oct. 7, 2023, attack by the terror group Hamas.
CNBC - 4m
Mattel stock rallies, as outlook for profits — and Barbie — outweigh potential tariff impact

Shares of Mattel Inc. jumped after hours on Tuesday after the toy maker forecast an adjusted per-share profit for this year that came in above analysts’ expectations, as it takes actions — ...
MarketWatch - 5m
Fed Vice Chair Jefferson advocates remaining cautious on rates as policy drama unfolds

Jefferson echoed recent statements from other officials that it's in the Fed's best interest to move slowly as it evaluates evolving conditions.
CNBC - 15m
Fed Vice Chair Jefferson advocates remaining cautious on rates as policy drama unfolds

Jefferson echoed recent statements from other officials that it's in the Fed's best interest to move slowly as it evaluates evolving conditions.
CNBC - 15m
Conditions May Have Stymied Black Hawk Crew Before Fatal Crash

The Army pilots were juggling dark skies, low altitude, a busy airspace and a cockpit without certain traffic detectors before the helicopter’s midair crash with a regional passenger jet.
The New York Times - 24m