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 (AMD) stock plunged after its weak near-term outlook on data center growth prompted analysts to cut price targets, despite quarterly

AMD CEO Lisa Su confirmed that its next-generation RX 9000 series graphics cards will launch in “early March,” beginning with the RX 9070 and 9070 XT. She wouldn’t be drawn on specifics, but there is a rumored March 6 launch date, which would certainly qualify, as well as an alleged late-February debut for the new hardware.

PC gamers are getting pretty darn antsy for new desktop GPUs. Nvidia’s newest cards sold out pretty much instantly worldwide despite astronomical prices, and AMD failing to show off its new Radeon designs at CES 2025 last month was seen as a snub.