AMD forecasts fourth-quarter revenue above estimates on strong AI chip demand
Advanced Micro Devices forecast fourth-quarter revenue above market estimates on Tuesday, betting on the multibillion-dollar expansions of data center infrastructure to boost demand for its artificial intelligence chips. AMD has received significant investments in AI hardware from companies such as ChatGPT maker and the U.S. Department of Energy, as investors expect spending on advanced processors will continue. But fears remain that the AI boom has created mounting risks as it is still unclear whether the investments will generate the cash ...
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