1 minBusiness
AMD Forecasts Next-Quarter Revenue Above Market Expectations
AMD forecasts next-quarter revenue above analysts' expectations as demand for data center products accelerates.
AMD forecast next-quarter revenue above market expectations, citing accelerating growth in its data center business. The forecast points to sustained demand for server processors and accelerators, which large cloud providers and enterprise customers use to expand their computing capacity.
Acceleration in the data center segment has become the main driver of the expected growth. Investors are watching this area closely, since in recent years it has defined the company's business dynamics amid intense competition with Intel and Nvidia. Rising demand for data processing infrastructure and artificial intelligence workloads is sustaining customer interest in AMD's new generations of chips.
The above-expectation revenue forecast suggests that the rollout of new products and the expansion of the customer base are moving faster than analysts had anticipated. For a company that has long been growing its share of the server processor market, this is an important signal of demand resilience. Financial results will be clarified in upcoming reports, and the specific figures in the forecast will determine how much the market revises its expectations for the company's shares.
Source: investing.com
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