AMD AI Forecast and Data-Center Results Beat, but Investors Unimpressed
AMD expects third-quarter revenue of about $13 billion (plus or minus $300 million) versus analysts’ $12.52 billion estimate. Its data-center revenue more than doubled to $6.72 billion, beating $6.48 billion, and adjusted profit reached $1.66 per share versus $1.62. AMD is pushing AI system offerings and Helios servers entering production.