Chipmaker AMD beats estimates for third-quarter revenue-July 2024-www.financetom.com

Chipmaker AMD beats estimates for third-quarter revenue

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Chipmaker AMD beats estimates for third-quarter revenue

Nov 3, 2024 2:20 PM

Oct 29 (Reuters) - Advanced Micro Devices ( AMD ) beat

analyst estimates for third-quarter revenue on Tuesday, betting

on strong demand for its high-priced AI data center chips as

businesses rush to adopt generative artificial intelligence

technology.

The company reported revenue of $6.82 billion for the third

quarter, compared with analysts' average estimate of $6.71

billion, according to data compiled by LSEG.

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