AMD shares drop 10% on disappointing data center revenue

Lisa Su, chair and CEO of Advanced Micro Devices Inc., during the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023.Advanced Micro Devices shares fell more than 10% on Wednesday after the chipmaker under-delivered on Wall Street's estimates for its important data center business.Shares traded at a 52-week low and were on pace for their worst session since October.AMD reported better-than-expected results on the top and bottom lines, but it also reported data center sales of $3.86 billion. That ...