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AMD Raises Q3 Revenue Guidance, Strong Demand for AI Data Center Chips

Aug 4, 09:54

August 4th, AMD expects third-quarter revenue to be between $1.65 billion and $1.75 billion, higher than analysts' expectations, driven by the surge in demand for AI data center chips. The company also announced a $7 billion all-stock acquisition of Synaptics to expand into the AI devices and robotics sector.