AMD Soars After AI Demand Fuels Better-Than-Expected Outlook

Advanced Micro Devices Inc., the leading challenger to Nvidia Corp. in AI computing chips, reached a record high after a flood of data center spending bolstered its sales forecast.

Second-quarter revenue will be $11.2 billion, plus or minus $300 million, the company said in a statement Tuesday. That compares with an average analyst prediction of $10.5 billion, according to data compiled by Bloomberg.