Friday, 24 March, 2023

Shares of AMD Soar as Company Predicts Growth in Data Centres

<p>Despite PC market decline is impacting business, Advanced Micro Devices Inc. anticipated modest strength in its data centre sector on Tuesday and pledged to be prudent with expenditure, sending shares up. Although Kinngai Chan, an analyst at Summit Insights Group, hinted that investors were prepared for worse, AMD projected fourth-quarter and full-year sales below Wall Street projections. In after-hours trading, shares increased 6.3%.</p>