AMD Forecasts $17 Billion Q4 Revenue as AI Chip Demand Lifts Shares 8%
Updated
Updated · Bloomberg · Nov 3
AMD Forecasts $17 Billion Q4 Revenue as AI Chip Demand Lifts Shares 8%
3 articles · Updated · Bloomberg · Nov 3
Summary
$17 billion in expected fourth-quarter revenue, plus or minus 3%, put AMD well above analysts’ roughly $16.3 billion consensus and pushed the stock about 8% higher in late trading.
Strong demand for AI chips and data-center processors drove the outlook, signaling that enterprise spending on accelerator and server hardware remains firm.
That forecast follows a strong third quarter in which AMD beat earnings expectations and its data-center revenue jumped 97% to about $8.5 billion, powered by Instinct and EPYC products.
The results reinforce AMD’s position as a leading challenger to Nvidia in AI chips while it also continues taking share from Intel in servers.