Revenue Forecast

AMD’s stock dropped 17% after its Q1 revenue forecast, despite exceeding Q4 estimates. While AMD projected Q1 revenue above expectations, the market anticipated a more aggressive outlook driven by AI chip demand. Analysts pointed to high expectations and unexpected Chinese revenue as factors tempering the perceived beat. Nonetheless, data center demand remains strong, and strategic partnerships with OpenAI and Oracle highlight AMD’s significant role in AI infrastructure, suggesting continued growth despite market recalibrations.

CoreWeave (CRWV) shares plummeted 13% after CEO Mike Intrator cited data center delays impacting its full-year projections. While Intrator portrayed the issue as isolated, CNBC’s Jim Cramer suggested broader problems, potentially tied to Core Scientific (CORZ), whose shares also fell 7%. CoreWeave revised its 2025 revenue forecast downwards despite a strong third-quarter revenue growth of 134%. The market reacted to the ambiguity surrounding the delays’ extent and their potential impact on CoreWeave’s ability to fulfill major AI infrastructure contracts with companies like Meta and OpenAI.