AI Summary
Advanced Micro Devices Inc. has raised its second-quarter revenue forecast to $11.2 billion, exceeding analyst expectations. The increase is attributed to heightened spending in data centers, reflecting strong demand for AI computing chips.
- Advanced Micro Devices Inc. announced a second-quarter revenue forecast of $11.2 billion, with a margin of error of $300 million.
- This forecast surpasses the average analyst prediction of $10.5 billion.
- The surge in revenue is linked to increased spending in data centers, driven by demand for AI computing chips.
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