Advanced Micro Devices Exec Says Raises Forecast For Revenue From AI Chips In 2024 To $4B From Earlier Forecast Of $3.5B
Portfolio Pulse from Benzinga Newsdesk
Advanced Micro Devices (AMD) executive announced during a conference call that the company has raised its revenue forecast for AI chips in 2024 to $4 billion, up from the previously forecasted $3.5 billion.
April 30, 2024 | 9:27 pm
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AMD has increased its 2024 revenue forecast for AI chips to $4 billion, indicating stronger than expected demand and growth in the AI sector.
The upward revision in revenue forecast for AI chips by AMD suggests a robust demand and growth outlook for its AI products. This positive adjustment is likely to instill confidence among investors about AMD's growth trajectory in the high-growth AI market, potentially leading to a positive short-term impact on AMD's stock price.
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