The chipmaker is working on a major deal with OpenAI
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Advanced Micro Devices
reported fiscal third-quarter results that exceeded Wall Street expectations, but gave margin guidance was inline with estimates. The stock slipped in extended trading.
Here’s how the company did in comparison with LSEG consensus:
Revenue increased 36% from a year earlier in the fiscal third quarter, which ended on Sept. 27, according to a statement.
AMD, which is second in the market for AI graphics processing units, is grappling with chip export controls.
AMD's first-quarter forecast fell short of what some analysts were hoping for amid an AI spending boom.
The chipmaker's stock has surged over the past year amid the AI boom
The chipmaker fell short of earnings expectations and raised concerns about the timing of a restart in China shipments.
CEO Lisa Su highlighted the growing demand for central processing units, doubling her long term forecast after strong…
Advanced Micro Devices has jumped 66% over the past month, but it is likely to lose some ground if its earnings report doesn't…
