Advanced Micro Devices Inc.
The company's forecast implies revenue of $7.5 billion in the current quarter, slightly short of Wall Street's estimate
AMD introduced its latest AI data center processors and new PC and server chips at an event titled "Advancing AI 2024.&quo
Chipmaker AMD beat analyst estimates for the second quarter thanks to record sales of processors for data centers.
Nvidia stock fell Wednesday after rival AI chipmaker Advanced Micro Devices disappointed investors with its tepid guidance.
Both semiconductor makers have benefited from the excitement around artificial intelligence and enjoy strong valuations.
The chip maker's revenue came in at $5.36 billion for the period, slightly above analysts' expectations of $5.3 billion
Advanced Micro Devices Inc. announced Tuesday morning that it plans to acquire Xilinx Inc.