AMD says that it plans to launch its next major data center GPUs, the AMD Instinct MI350 series, sooner than originally planned.

Speaking during an earnings call after the results had been posted, AMD CEO Dr. Lisa Su said its data center segment contributed roughly 50 percent of the company’s annual revenue, as “Instinct and Epyc processor adoption expanded significantly with cloud, enterprise, and supercomputing customers.”

Advanced Micro Devices failed to impress investors waiting for the chipmaker to gain ground against AI heavyweight Nvidia , even as its quarterly results and revenue outlook exceeded analyst estimates on Tuesday.

AMD shares are diving Wednesday following its fourth-quarter earnings release on Tuesday. Data center guidance is weighing on investors.

Advanced Micro Devices posted fourth-quarter revenue and adjusted earnings that beat expectations, but data center sales came up short.

AMD Q4 2024 revenues hit $7.6 billion, net income of $482 million with its data center revenue driving $3.9 billion for the quarter, up 69% from last year.

Investors bailed on Advanced Micro Devices Inc. late today after the chipmaker reported lower-than-expected revenue in its key data center segment, despite posting solid results overall. The company revealed fourth-quarter earnings before certain costs such as stock compensation of $1.