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Because of surging demand, AMD CEO Lisa Su said, the company boosted its 2024 AI chip revenue forecast to $4.5 billion from a previous target of $4 billion. The supply of such chips will remain ...
SOURCE: COMPANY REPORTS. AMD's Data Center revenue, which includes sales of AMD's GPUs and CPUs, topped out at $2.8 billion, beating expectations of $2.75 billion. That's a 115% jump versus the ...
Advanced Micro Devices (NASDAQ: AMD) stock is surging in Wednesday's trading. The semiconductor company's share price was up 7.3% as of 10:45 a.m. ET, according to data from S&P Global Market ...
CEO Lisa Su believes the AI chip market will reach $400 billion by 2027. AMD is on pace to capture just a fraction of that figure -- around $12 billion in data center sales this year. AMD's data ...
AMD is jumping on the AI bandwagon. Shares of Advanced Micro Devices (NASDAQ: AMD) were flying higher today, sparking a broad recovery in the chip sector as AMD reported soaring demand in its data ...
AMD posted its earnings results for the first quarter of 2024 on April 30. The company hit non-GAAP (adjusted) earnings per share of $0.62, beating analysts' forecasts by $0.01. Meanwhile, revenue ...
July 1, 2024 at 4:15 AM. Shares in Advanced Micro Devices(NASDAQ: AMD) have tumbled 11% in the last three months. The company has been a leading recipient of the recent boom in artificial ...
By Arsheeya Bajwa and Max A. Cherney (Reuters) -Advanced Micro Devices forecast AI chip sales on Tuesday that failed to impress investors, knocking its stock down about 7% in extended trade.