TechAMD forecasts upbeat revenue on strong AI chip demand, but shares fall on lofty expectations

AMD projected quarterly revenue above Wall Street estimates on Tuesday. The company is relying on strong chip demand generated by major expansions of data-center capacity for artificial-intelligence technologies. Despite the positive outlook, AMD shares declined as investors’ expectations were considered too high.

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RReuters★★☆☆☆2026-08-04 23:01Original