Too much AI for some, too little for others: Why AMD can't win with investors

Usually diversity is a sign of a healthy and resilient business. But for the folks on Wall Street, the breadth of AMD's portfolio is a bug, not a feature – one that sent the House of Zen's share price down by more than eight percent in after hours trading on Tuesday.

AMD’s scrip slipped despite the company delivering solid Q4 results, with net income surging 213 percent to $1.5 billion on revenues that grew 34 percent year-over-year to reach $10.27 billion. Datacenter and client products both delivered revenue growth, at 39 and 37 percent to $5.4 billion and $3.9 billion respectively. By comparison, the company's embedded gains were far more modest, with FPGA sales up about three percent for the quarter.

The company forecast revenue will dip to $9.8 billion for Q1 of FY 2026. That figure will represent 32 percent growth ...