WSJ Tech News Briefing TNB Tech Minute: AMD Posts Profit of Over $1.5 Billion
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Feb 4, 2026 A quick rundown of AMD’s stellar quarter and its surprising stock dip despite strong AI-driven data‑center forecasts. A look at Uber’s fourth‑quarter profit decline and the accounting hit behind it. Big funding news as ElevenLabs raises $500 million and outlines aggressive growth plans in conversational AI.
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AMD’s AI-Driven Data-Center Surge
- AMD posted a profit of over $1.5 billion and revenue rose 34% to $10.2 billion in the quarter ended in late December.
- Its data-center sales jumped 39% and CEO Lisa Su expects data-center revenue to grow over 60% in 3–5 years as AI demand rises.
Investors Are Tough On AI Winners
- Despite beating expectations, AMD shares fell, reflecting investor skepticism toward AI-related stocks.
- The market has been tough on AI winners even when companies beat forecasts.
Uber’s Profit Drop Masked By Revenue Growth
- Uber's fourth-quarter profit plunged to $296 million from $6.88 billion a year earlier due mainly to a $1.6 billion hit from revalued equity investments.
- Revenue still rose 20% to $14.37 billion with trips and gross bookings up 22%.