AMD lifts revenue forecast, CEO says supply chain has improved

FILE PHOTO: Lisa Su, president and CEO of AMD, gives a keynote address during the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019. REUTERS/Steve Marcus

(Reuters) -Advanced Micro Devices Inc raised its annual revenue forecast on Tuesday, betting on strong demand for its chips used in data centers and personal computers as its chief executive said she was confident the company could source the chips despite a global supply shortage.

The chip designer's shares rose about 4% in extended trading after it also reported better-than-expected results for the first quarter.