:Advanced Micro Devices forecast third-quarter revenue above market estimates on Tuesday, banking on demand for its artificial intelligence chips staying strong. Shares of the Santa Clara, California-based company rose roughly 6 per cent in extended trading.AMD benefits from large cloud operators b
:Advanced Micro Devices forecast third-quarter revenue above market estimates on Tuesday, banking on demand for its artificial intelligence chips staying strong. AMD forecast revenue of $6.7 billion, plus or minus $300 million, for the third quarter compared with analysts’ average estimate of $6.61 billion, according to LSEG data.
