AMD Forecasts $17 Billion Q4 Revenue Driven By Record AI Data-Center Sales

Hindustan Times · stocks

AMD has forecast fourth-quarter revenue exceeding Wall Street estimates, driven by record data-center sales fueled by robust demand for AI chips. The company's data-center revenue surged 97% to a record $8.55 billion, surpassing expectations. AMD anticipates overall revenue growth of over 80% by 2027, signaling its strong challenge to Nvidia's AI chip market dominance. This positive outlook offers relief to investors concerned about AI buildout costs and Intel's performance, leading to an 8% jump in AMD's shares.