Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Economic Times
The Economic Times
Technology

AMD's AI-powered revenue forecast fails to wow investors

AMD forecast quarterly revenue above Wall Street estimates on Tuesday, banking on strong demand ​for its chips from massive data-center capacity expansions to ​power AI technologies.

Yet, its shares fell nearly 9% in extended trading, suggesting that investors were ​looking for an even stronger outlook after the stock more than doubled this year spurred on by AI optimism.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.