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AMD Gives Weak Revenue Forecast After Gaming Demand Slows

(Bloomberg) -- Advanced Micro Devices Inc. soared as much as 8.1% after saying a new AI chip will generate $2 billion in sales next year, fueling optimism that demand for the component will offset a slump in orders for video-game equipment.Most Read from BloombergTrump Testimony Called a ‘Broken Record’ by Judge: Trial UpdateWeWork Goes Bankrupt, Signs Pact With Creditors to Cut DebtIsrael Latest: Netanyahu Sees a Role in Gaza Security After WarWall Street Faces ‘Reality Che...
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Source: yahoo.com

AMD Stock Slips As Investors Shrug Off Q3 Beat And Fret Over Lukewarm Guidance; CEO Lisa Su Talks Up AI Chip Ram-up - Intel (NASDAQ:INTC), Advanced Micro Devices (NASDAQ:AMD), iShares Semiconductor ETF (NASDAQ:SOXX)

AMD shares fell in Tuesday's after-hours session after the company reported better-than-expected third-quarter results but guided Q3 roughly in line with the consensus.
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