AMD Falls After Report of OpenAI Growth Miss Raises AI-Chip Questions
Investors look to AMD’s May 5 earnings for a clearer read on data‑center chip demand.
Overview
- AMD shares, which fell as much as 4.8% Tuesday before closing down 3.72%, dropped after a Wall Street Journal report said OpenAI missed 2025 revenue goals and failed to reach one billion weekly ChatGPT users.
- OpenAI disputed the report and called it ridiculous.
- AMD’s supply deal with OpenAI for data‑center hardware raised concern that slower OpenAI growth could cut future orders for AMD chips.
- Some analysts argued overall demand may be unchanged because rivals gaining users, including Anthropic and Google’s Gemini, are also large buyers of AI processors.
- AMD reports first‑quarter results May 5 with Wall Street expecting $1.28 in earnings per share on $9.87 billion in revenue after eight straight estimate beats.