AMD’s Rosy Sales Outlook Overshadowed by China Trade Concerns
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Advanced Micro Devices Inc., Nvidia Corp.’s closest rival in artificial intelligence processors, offered an upbeat revenue outlook for the current period, even while warning that US export curbs will take a bite out of sales.
Second-quarter revenue is forecast to be about $7.4 billion, the company said Tuesday. That compares with an average analyst estimate of $7.23 billion. Chief Executive Officer Lisa Su also reiterated her projection that new chips debuting soon will help boost sales in the second half of the year.