AMD Forecast Exceeds Estimates as AI Chip Demand Soars
Advanced Micro Devices Inc., a key challenger to Nvidia Corp. in artificial intelligence chips, gave a revenue forecast that exceeded analysts’ estimates, showing that demand for data center processors remains strong. Fourth-quarter revenue will be $17 billion, plus or minus 3%, the chipmaker said in a statement Tuesday. The outlook provided fresh evidence that AI spending is sustainable, soothing jittery investors. We get reaction from Kunjan Sobhani, Senior Semiconductor Analyst for Bloomberg Intelligence. (Source: Bloomberg)