AMD Shares Rise 16% As AI Hardware Growth Accelerates
AMD raised its AI server GPU growth forecast to 46% for the current quarter after a 38% Q1 increase to $10.3B; shares rose 16% after hours.
Excerpt
<p>AI server chip maker Advanced Micro Devices said Tuesday that its revenue growth would accelerate eight percentage points to 46% in the current quarter, after rising 38% to $10.3 billion in the first quarter. Shares rose 16% in after-hours trading.</p> <p>Sales of AMD’s AI graphics processing units are ...</p>
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