Advanced Micro Devices delivered record Q4 revenues and EPS, but the stock dropped. See why I rate AMD a strong buy.

AMD on Tuesday announced its financial results for the fourth quarter of 2024 and for the whole year. As expected, the company managed to post impressive results driven by its client and datacenter CPUs.

Advanced Micro Devices (AMD), a semiconductor company, will release its Q4 financials today. AMD stock has dropped over 34% in the past year,

Speaking during an earnings call after the results had been posted, AMD CEO Dr. Lisa Su said its data center segment contributed roughly 50 percent of the company’s annual revenue, as “Instinct and Epyc processor adoption expanded significantly with cloud, enterprise, and supercomputing customers.”

Advanced Micro Devices failed to impress investors waiting for the chipmaker to gain ground against AI heavyweight Nvidia , even as its quarterly results and revenue outlook exceeded analyst estimates on Tuesday.

Advanced Micro Devices (NASDAQ:AMD) shares have been on a rollercoaster over the past year. At the start of 2024, the chip giant was widely