Friday, 24 March, 2023

AMD sees brighter future in 2022 as data-center revenue soars

<p>Advanced Micro Devices Inc forecasted revenue for 2022 that was higher than expected, sending its stock up as much as 11% in after-hours trading, as strong demand for its chips used in data center servers is expected to drive growth. Nvidia Corp and Qualcomm Inc both saw their stock prices rise as a result of AMD&#39;s positive outlook. The chip designer outperformed expectations in the fourth quarter, selling more high-end chips than expected.</p>