Advanced Micro Devices forecast AI chip sales on Tuesday that failed to impress investors, knocking its stock down about 7% in extended trade. Chief Executive Officer Lisa Su told analysts on a conference call that AMD expects AI chip sales of roughly $4 billion for 2024,

It was a big day for chip-sector earnings, and also one that ended up bringing big disappointment. Results from both AMD and Super Micro were met with sharply negative stock reactions. AMD's stock fell about 7% in the extended session,

Advanced Micro Devices said sales and profits rose in its first quarter amid strong AI chip demand, but declining revenue from gaming graphics chips weighed on the company's results. AMD chief executi

AMD reported first-quarter earnings after the bell on Tuesday that were in line with Wall Street expectations. AMD reported first-quarter sales on Tuesday that were slightly ahead of Wall Street expectations,

AMD lifted its outlook for its MI300 AI accelerator product, which is now expected to drive upwards of $4 billion in revenue this year.

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