The company expects revenue of about US$9.6bil for the quarter, plus or minus US$300mil. — Reuters
NEW YORK: Advanced Micro Devices (AMD) has forecast fourth-quarter revenue above market estimates, betting on the multi-billion-dollar expansions of data centre infrastructure to boost demand for its artificial intelligence (AI) chips.
AMD has received significant investments in AI hardware from companies such as ChatGPT maker OpenAI and the US Department of Energy, as investors expect spending on advanced processors will continue.
