Friday, 24 March, 2023

Revenue forecasts for AMD's current quarter are largely below expectations

<p>The third-quarter revenue prediction from Advanced Micro Devices Inc. was slightly below Wall Street expectations, and the chip manufacturer&#39;s stock price dropped by 5%. According to IBES statistics from Refinitiv, the company anticipates revenue of $6.7B, plus or minus $200M, for the current quarter as opposed to analysts&#39; expectations of $6.82B. AMD increased its full-year prediction from an earlier estimate of roughly $26.3B to a range of $26B to $26.6B.</p>