Jin10 reported on November 5 that AMD (AMD.O) has provided a fourth-quarter revenue guidance that exceeds market expectations, as its multi-billion dollar investment in data center infrastructure expansion is expected to boost demand for its artificial intelligence chips. The company anticipates fourth-quarter revenue of approximately $9.6 billion, with a fluctuation of $300 million, while analysts' average estimate is $9.15 billion. From ChatGPT's parent company OpenAI to the U.S. Department of Energy, AMD has secured numerous significant investments in AI hardware. AMD's stock price has more than doubled this year, outpacing the rise of market leader Nvidia, although the latter's market capitalization has already surpassed the $5 trillion mark.
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AMD's fourth-quarter revenue guidance exceeds expectations.
Jin10 reported on November 5 that AMD (AMD.O) has provided a fourth-quarter revenue guidance that exceeds market expectations, as its multi-billion dollar investment in data center infrastructure expansion is expected to boost demand for its artificial intelligence chips. The company anticipates fourth-quarter revenue of approximately $9.6 billion, with a fluctuation of $300 million, while analysts' average estimate is $9.15 billion. From ChatGPT's parent company OpenAI to the U.S. Department of Energy, AMD has secured numerous significant investments in AI hardware. AMD's stock price has more than doubled this year, outpacing the rise of market leader Nvidia, although the latter's market capitalization has already surpassed the $5 trillion mark.