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AMD forecasts $2 billion sales of AI chips, helping shares rebound, ET Telecom

Shares of the Santa Clara, California-based company fell as much as 4.6% in after-market trading but turned roughly flat after executives disclosed on a conference call the outlook for its chip to compete with Nvidia. AMD is readying a chip called the MI300X it hopes will loosen Nvidias grip on the market for data center AI chips used to create technologies similar to ChatGPT.
United States Santa Clara Stephen Nellis Chavi Mehta Lisa Su Advanced Micro Devices

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AMD forecasts $2 billion sales of AI chips, helping shares rebound

(Reuters) -Chip designer Advanced Micro Devices on Tuesday forecast $2 billion in sales in 2024 from a chip that aims to compete with Nvidia in the artificial intelligence (AI) market, helping shares recover after a quarterly outlook missed expectations. AMD forecast fourth-quarter revenue and gross margins below Wall Street estimates, hurt by a weak gaming market as well as a decline in demand from some industries for its programmable chips. Shares of the Santa Clara, California-based company f
United States Krishna Chandra Eluri Lisa Su Santa Clara Jonathan Oatis Stephen Nellis
Source: aol.com

amd sales: AMD forecasts $2 billion sales of AI chips, helping shares rebound

Shares of the Santa Clara, California-based company fell as much as 4.6% in after-market trading but turned roughly flat after executives disclosed on a conference call the outlook for its chip to compete with Nvidia. AMD is readying a chip called the MI300X it hopes will loosen Nvidias grip on the market for data center AI chips used to create technologies similar to ChatGPT.
Indian School United States Santa Clara Lisa Su Offering College Indian School Of Business

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