Advanced Micro Devices’ guidance was generally in-line but many were expecting more upside for the business, particularly in its data center segment, says Susquehanna Financial Group’s Christopher Rolland in a research note. The chip maker reported a sharp rise in quarterly sales on demand for its AI chips and other products for data centers. CEO Lisa Su raised her projection for AMD’s sales of AI chips this year to $5 billion from a $4.5 billion forecast in July. “While the company did raise 2024 MI300 revenue guidance to >$5B, we believe the negative stock reaction suggests the $500M raise was largely anticipated by investors,” says Rolland. AMD sinks 10% to $149.71.