AMD forecasts quarterly revenue above estimates as data-center growth accelerates
AMD is projecting stronger-than-anticipated quarterly revenue growth fueled by its data-center segment, which nearly doubled in the third quarter. The company is capturing market share from Intel as demand for graphics processing units and processors for real-world AI model deployments increases. Intel's contrasting weak guidance triggered a broader selloff in semiconductor stocks, highlighting AMD's competitive advantage in serving the growing AI infrastructure market.
Key points
- AMD revenue guidance exceeds estimates, led by data-center acceleration
- Data-center revenue nearly doubled in Q3 as AI workloads move to production deployment
- AMD gaining market share from rival Intel amid AI infrastructure build-out
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