AMD data center results disappoint, shares slump

(Reuters) -Advanced Micro Devices on Tuesday reported disappointing data center revenue, a segment which includes lucrative artificial intelligence chips that investors are betting on for rapid growth. AMD's shares have climbed more than 40% this year, far outpacing a nearly 12% jump in the benchmark chip index, as investors bet on the company's ability to capitalize on the widespread use of AI. Chips that power complex AI systems for Microsoft, Meta Platforms, generative AI leader OpenAI and other customers are still feverishly sought after by tech companies.