TechAMD forecasts upbeat revenue, but lofty expectations weigh on shares
AMD projected quarterly revenue above Wall Street forecasts on Tuesday. The company is relying on strong demand for its chips as massive data-center expansions support artificial intelligence technologies. Despite the positive outlook, AMD shares fell as investors faced lofty expectations. The forecast reflects continued confidence in AI-related chip demand, while the market response showed that strong results may already be anticipated.
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AMD forecasts upbeat revenue, but lofty expectations weigh on shares
Tech