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AMD forecasts quarterly revenue above estimates as data centre growth accelerates

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The Globe and Mail - Business
By Anhata Rooprai and Max A. Cherney
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AMD forecasts quarterly revenue above estimates as data centre growth accelerates
Photo / Coverage: The Globe and Mail - BusinessCredit: Anhata Rooprai and Max A. Cherney
EXECUTIVE SUMMARY

Demand for company’s graphics processing units and central processors has enabled it to capture market share from rival Intel

Key Takeaways

  • AMD forecasts quarterly revenue above estimates as data centre growth accelerates.

AMD AMD-Q forecast fourth-quarter revenue above Wall Street estimates on Tuesday, buoyed by strong demand for its chips as its multibillion-dollar effort to challenge Nvidia’s dominance of the AI semiconductor market gains momentum.

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