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AMD results may have given Wall Street sigh of relief, but they’re still a ‘mixed bag’ because of data-center weakness
![AMD results may have given Wall Street sigh of relief, but they're still a 'mixed bag' because of data-center weakness](https://nlbulletin.com/wp-content/uploads/2023/02/AMD-results-may-have-given-Wall-Street-sigh-of-relief-780x470.jpeg)
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Advanced Micro Devices Inc. may have unleashed a collective sigh of relief on Wall Street with its results, but the data-center weakness that helped trash Intel Corp.’s earnings last week is still showing up as a dip in the first half of AMD’s 2023.
Late Tuesday, AMD AMD reported modest results compared with Wall Street expectations, and while those expectations had been managed a quarter ago with an inventory clearance of PC stock, the company must also account for inventory in its data-center business.
PC…
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