At the end of April, Advanced Micro Devices Inc (NASDAQ:AMD) failed to impress, unlike Nvidia Corporation (NASDAQ:NVDA) that has been crushing investor expectations on the back of soaring AI chip sales for quite a while. It's no secret that AMD trails the undoubtable leader Nvidia that holds as much as 80% of the thriving market for AI server semiconductors.
First Quarter Highlights
For the March quarter, AMD reported revenue rose 2% YoY to $5.47 billion that slightly surpassed LSEG's estimate of $5.46 billion.
Unlike last year's comparable quarter when it made a net loss of $139 million, or 9 cents per...
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