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AMD Soars After Data-Center Chip Sales Fuel Upbeat Forecast

  • The outlook outshines recent forecast from archrival Intel
  • AMD shares had tumbled this year, part of broader chip decline
Updated on

Advanced Micro Devices Inc. gave a strong sales forecast for the current quarter, indicating that the chipmaker continues to make strides in its most lucrative market: data-center processors. 

AMD predicted second-quarter sales of roughly $6.5 billion, compared with an average analyst estimate of $6.03 billion. That helped send the shares up as much as 8.3% in late trading Tuesday.