Advanced Micro Devices Inc., the leading challenger to Nvidia Corp. in AI computing chips, soared to a record in early trading after a flood of data center spending bolstered its sales forecast.
Second-quarter revenue will be $11.2 billion, plus or minus $300 million, the company said in a statement Tuesday. That compares with an average analyst prediction of $10.5 billion, according to data compiled by Bloomberg. Bloomberg’s Kunjan Sobhani joins Bloomberg Intelligence to discuss. (Source: Bloomberg)
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AMD Rallies After AI Demand Fuels Blockbuster Forecast
