💨 Abstract

Advanced Micro Devices (AMD) forecasts Q1 revenue above Wall Street estimates, driven by strong demand for AI chips from tech giants expanding their AI infrastructure. AMD's shares rose 3% in extended trading, while its shares underperformed Nvidia's gains last year. The chipmaker expects revenue of $7.1 billion in Q1, compared to analysts' average estimate of $6.99 billion.

Courtesy: theprint.in

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