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AMD forecasts third-quarter revenue above estimates
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AMD forecasts third-quarter revenue above estimates
Jul 30, 2024 1:39 PM

July 30 (Reuters) - Advanced Micro Devices ( AMD )

forecast third-quarter revenue above market estimates on

Tuesday, banking on demand for its artificial intelligence chips

staying strong.

The company forecast revenue of $6.7 billion, plus or minus

$300 million, for the third quarter, compared with analysts'

average estimate of $6.61 billion, according to LSEG data.

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