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AMD forecasts fourth-quarter revenue below estimates

: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 S
United States Santa Clara Advanced Micro Devices Wall Street Meta Platforms

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

: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 S
United States Santa Clara Lisa Su Advanced Micro Devices Wall Street Meta Platforms

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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...
United States Krishna Chandra Eluri Jonathan Oatis Santa Clara Stephen Nellis Lisa Su
Source: yahoo.com

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