AMD results may have given Wall Street sigh of relief, but they’re still a ‘mixed bag’ because of data-center weakness

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.