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AMD's optimistic revenue guidance indicates that AI chips are helping to boost rise
On July 31, Jinshi Data reported that AMD (AMD.O) made optimistic predictions for the current quarter, indicating that its new AI processor is helping to boost the rise. The chip maker said in a statement on Tuesday that revenue for the third quarter would be about $6.7 billion, with analysts expecting an average of $6.62 billion. The outlook suggests that AMD has made progress in catching up with Nvidia, which dominates the AI accelerator market. In the AI accelerator market, AMD is the closest competitor to Nvidia, but there is still a big gap between the two. It hopes to gain a larger share from funds invested by data center operators such as Microsoft and Meta. in creating AI tools. After the earnings announcement, AMD’s stock rose more than 5% in after-hours trading.