Chipmaker AMD forecasts current-quarter revenue above estimates
Advanced Micro Devices Inc forecast current-quarter revenue above analysts' estimates and raised its full-year expectations, betting on robust demand for its graphics chips and its new Ryzen processors for PCs. The company's shares rose 8.2 percent to $15.27 in extended trading on Tuesday. AMD said it now expected annual revenue to increase by "a mid to high-teens percentage", compared with its previous forecast of low double-digit percentage revenue growth. The chipmaker also said it expected current-quarter revenue to increase about 23 ...
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