News Score: Score the News, Sort the News, Rewrite the Headlines

AMD Gives Solid Forecast, Showing Strength of Demand for AI

Advanced Micro Devices Inc., the second-largest maker of AI accelerator chips, gave a stronger-than-expected sales forecast for the current period but warned that its access to the crucial China market remains uncertain.Third-quarter sales will be about $8.7 billion, the company said in a statementBloomberg Terminal Tuesday. That compares with an average analyst estimate of $8.37 billion. The forecast doesn’t include sales of AI chips to China, AMD said, even though US export controls were recen...

Read more at bloomberg.com

© News Score  score the news, sort the news, rewrite the headlines