AMD forecasts revenue above estimates on AI chip demand, but shares fall

AMD forecasted quarterly revenue above Wall Street estimates due to strong AI chip demand and data-center capacity expansion, with second-quarter revenue up 50%. However, shares fell over 7% as investors expected an even stronger outlook, amid supply constraints from dependency on TSMC and competition with Nvidia.

This Wire brief sits within Fusion42's coverage of Semiconductors, and 3 sources have reported it.