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AMD Tumbles After Giving Disappointing Outlook for AI Growth


Advanced Micro Devices Inc. gave an upbeat revenue forecast for the current quarter, signaling that it continues to win market share from Intel Corp. and benefit from demand for artificial intelligence gear.

Advanced Micro Devices Inc. gave an upbeat revenue forecast for the current quarter, signaling that it continues to win market share from Intel Corp. and benefit from demand for artificial intelligence gear. Sales will roughly $7.1 billion in the first quarter, the company said in a statement Tuesday. Analysts estimated $7.04 billion on average.

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