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Zenger
Zenger
Business
Shanthi Rexaline

AMD’s Q2 Earnings Awaited As AI Race With Nvidia Intensifies

AMD Srini Pajjuri
Photo Illustration AMDplans to invest $400 million in India, in Suqian, Jiangsu province, China, on July 29, 2023. (Photo Illustration by Costfoto/NurPhoto via Getty Images)

Advanced Micro Devices, Inc. (NASDAQ:AMD), which is playing catchup with peer Nvidia Corp. (NASDAQ:NVDA) in the AI game, is scheduled to report its second-quarter results Tuesday after the market close.

Analysts, on average, expect AMD to report earnings per share of 52 cents for the second quarter, down notably from the year-ago’s $1.05 per share. Expectations have toned down considerably from the 62 cents per share that was forecast at the start of the quarter.

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