AMD releases current outlook; AI returns fall short of some investors' expectations.

AMD's current outlook is disappointing, showing that its progress in the field of AI has not met the expectations of some investors. The company stated on Tuesday that sales for the first quarter are expected to be around $9.8 billion. Analysts had estimated an average of $9.39 billion, but some forecasts were above $10 billion. This outlook has left investors, who were hoping to see greater returns from AI computing expenses, feeling disappointed. In this lucrative market, AMD is still catching up to NVIDIA, but the chip manufacturer has indicated that a more powerful new design set to be released in the second half of this year is expected to give it an edge. After the earnings release, AMD's stock price dropped over 5% in after-hours trading. As of Tuesday's close, the stock has risen 13% since the beginning of the year.