As Nvidia's main challenger in the field of AI chips, AMD's revenue forecast was higher than analysts' expectations, indicating that demand for data center processors is still strong. AMD said in a statement on Tuesday that it expects fourth-quarter revenue of 17 billion US dollars, fluctuating 3% up and down. By comparison, the average analyst forecast was $16.3 billion. The latest outlook further indicates that AI spending is ongoing and may help ease investors' nervousness. In recent weeks, chipmakers and other tech companies have experienced a sharp drop in stock prices due to market concerns about a bubble in the AI infrastructure industry. Under the leadership of CEO Su Zifeng, AMD has become one of the most important processors and computing equipment suppliers, supporting a large number of emerging AI services. AMD Chief Financial Officer Jean Hu said in a statement: “Our fourth-quarter outlook reflects accelerated revenue and profit growth, which is supported by strong demand from the data center product portfolio.” After the earnings report was released, AMD's stock price rose about 6% after the market. Despite recent fluctuations, the stock has more than doubled year to date. The company's market capitalization reached 1 trillion US dollars in September, making it one of the few companies that have reached this scale.

As Nvidia's main challenger in the field of AI chips, AMD's revenue forecast was higher than analysts' expectations, indicating that demand for data center processors is still strong. AMD said in a statement on Tuesday that it expects fourth-quarter revenue of 17 billion US dollars, fluctuating 3% up and down. By comparison, the average analyst forecast was $16.3 billion. The latest outlook further indicates that AI spending is ongoing and may help ease investors' nervousness. In recent weeks, chipmakers and other tech companies have experienced a sharp drop in stock prices due to market concerns about a bubble in the AI infrastructure industry. Under the leadership of CEO Su Zifeng, AMD has become one of the most important processors and computing equipment suppliers, supporting a large number of emerging AI services. AMD Chief Financial Officer Jean Hu said in a statement: “Our fourth-quarter outlook reflects accelerated revenue and profit growth, which is supported by strong demand from the data center product portfolio.” After the earnings report was released, AMD's stock price rose about 6% after the market. Despite recent fluctuations, the stock has more than doubled year to date. The company's market capitalization reached 1 trillion US dollars in September, making it one of the few companies that have reached this scale.