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 Nvidia's grip on the market for data center AI chips used to create technologies similar to ChatGPT.
Source: indiatimes.com