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AMD Falls on Weak Revenue Projections, In-Line Earnings

  • Smaller rival to Intel estimates 25% annual sales growth
  • Company reported revenue increased 40% in the first quarter
Inside The 2020 CES Event
Photographer: Bridget Bennett/Bloomberg
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Advanced Micro Devices Inc. gave a lackluster forecast for the current period, disappointing some investors who had projected the chipmaker would benefit more from a surge in spending on computers to support working from home.