(BFM Stock Exchange) – The American company fell heavily to Wall Street after having unveiled dull prospects for the current quarter, which draws the semiconductor groups in Paris downwards.

The results season is a good opportunity to recall the sectoral logics in stock market movements. And the semiconductor sector is a good example, since the latter is often the subject of cross-readings on the part of the market.

At the end of January, the Dutch group ASML had brought the entire sector on the stock market after announcing orders above expectations in the fourth quarter

And this logic is still valid this Wednesday, February 5, while the American AMD published its results after the closing of the American market on Tuesday evening. But the last delivery of the competitor of Nvidia is far from unanimous in a sector which benefits from the development of generative artificial intelligence (AI).

Disappointing perspectives

As the fourth quarter, AMD revealed an increase in its income by 24%, at 7.658 billion dollars, exceeding the expectations of consensus housed at $ 7.54 billion.

Revenues from its data centers division jumped 69% to a record level of $ 3.9 billion. However, a performance that leaves the market hungry, since analysts anticipated income for this period of $ 4.15 billion, Bloomberg advances.

In addition to this failed in the data centers segment, it is above all the prospects unveiled by AMD for this same division that seized the market. According to Reuters, its director general Lisa Su said that sales to data centers for the current quarter are expected to decrease 7% compared to the previous quarter, during a conference call with analysts.

“The GPU (graphics card) AI of AMD probably does not meet investors’ expectations. We continue to think that Nvidia is digging the gap with AMD in terms of performance and value of the GPU of AI”, Explain to Reuters Kinngai Chan, analyst at Summit Insight.

At Wall Street, AMD drops by more than 10%, after these results and disappointing perspectives, especially in AI. On the Paris Stock Exchange, Stmicroelectronics gives 2.5% at the end of the afternoon, signing one of the largest decreases in the CAC 40, while Soitec and X-Fab let go respectively 3.3% and 6.6% .