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

AMD's overall revenue shot up 24% year over year in the fourth quarter. The data center segment, which accounts for AMD's EPYC server CPUs and its Instinct AI accelerators, was the star performer. Revenue rose a whopping 69% to $3.