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AMD Sales Outlook Disappoints Investors After AI-Fueled Rally
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AMD Sales Outlook Disappoints Investors After AI-Fueled Rally Advanced Micro Devices Inc. disappointed investors with its latest sales outlook, a sign shareholders expected more of a return from the global expansion of AI data centers. Third-quarter revenue will be $13 billion, plus or minus $300 million, the company said in a statement Tuesday. Though analysts predicted $12.5 billion on average, some Wall Street estimates were well north of $13 billion, according to data compiled by Bloomberg.
AMD Sales Outlook Disappoints Investors After AI-Fueled Rally
Advanced Micro Devices Inc. disappointed investors with its latest sales outlook, a sign shareholders expected more of a return from the global expansion of AI data centers.
Third-quarter revenue will be $13 billion, plus or minus $300 million, the company said in a statement Tuesday. Though analysts predicted $12.5 billion on average, some Wall Street estimates were well north of $13 billion, according to data compiled by Bloomberg.