AMD outlook disappointing for investors seeking bigger AI payoff

AMD is still playing catch-up with Nvidia in this lucrative market, but the chipmaker has said that a new more powerful design will give it an advantage. — Bloomberg

NEW YORK: Advanced Micro Devices (AMD) Inc, the main challenger to Nvidia Corp in the market for artificial intelligence processors, gave a disappointing forecast for the current period, a sign it’s not making the kind of artificial intelligence (A)I inroads that some investors anticipated.

First-quarter sales will be roughly US$9.8bil, plus or minus US$300mil, the company said in a statement Tuesday.