AMD's AI Chip Sales Forecast of $2 Billion Boosts Earnings and Share Rebound
TL;DR Summary
Advanced Micro Devices (AMD) projects revenue of $400 million from its first AI chips in Q4 2023, with a potential total exceeding $2 billion in 2024 as revenue continues to ramp. CEO Lisa Su's bold projection seems feasible given the company's track record and the growing demand for AI chips in data centers.
- AMD makes bold prediction for its AI chips — but it's not so far-fetched MarketWatch
- AMD gives soft fourth-quarter guidance, but expects to sell $2 billion of AI chips next year CNBC
- AMD hyper-focused on AI outlook ahead of Q3 earnings Yahoo Finance
- AMD forecasts $2 billion sales of AI chips, helping shares rebound Yahoo Finance
- AMD earnings on deck with AI ramp, China export restrictions in focus TheStreet
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