TechBloomberg Tech57m ago
AMD Forecast Exceeds Estimates as AI Chip Demand Soars
TL;DRAMD's strong forecast signals robust AI chip demand beyond just Nvidia.
Why it matters: Proves the AI chip market is expanding beyond one vendor, affecting cloud infrastructure competition and pricing.
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%,…
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