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via economictimes.indiatimes.comBusiness & Companies

AMD forecasts quarterly revenue above estimates as data-center growth accelerates

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

The company, which nearly doubled its data-center revenue in the third quarter, is benefiting as a shift in AI workloads toward running models in real-world applications drives demand for its graphics processing units and central processors. This has enabled AMD to capture…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishAbove-consensus guidance strengthens AMD and the AI chip sector after a recent selloff.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01AMD nearly doubled its data-center revenue in the third quarter.
  2. 02Demand for its GPUs and CPUs grows as AI workloads shift toward running models.
  3. 03Intel last week forecast quarterly revenue well below estimates, triggering a chip selloff.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Advanced Micro Devices, Inc.AMDStock483.90 USDMarket closedtoday +3.65%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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