AMD Forecasts Strong 2027 Sales
AMD forecast sales above estimates for 2027 driven by surging demand for data center chips. The company reported strong third-quarter results and expects fourth-quarter revenue to beat expectations, sending shares higher in extended trading.
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ADVANCED MICRO DEVICES forecast 2027 sales above Wall Street estimates on Tuesday, driven by its data-center chip business as its effort to challenge NVIDIA CORP gains momentum. The upbeat outlook eased investor concerns regarding AI infrastructure spending costs and INTEL CORP's weaker outlook. Shares of AMD jumped over 8% in extended trading, bringing their year-to-date gain to over 100%.
