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AMD Reports Strong AI Chip Sales, Investors Unimpressed

  • AMD reports strong growth in data centre unit, but outlook in line with expectations fails to impress investors.
  • AMD reported doubled sales for its data centre unit as demand rose for its AI chips, beating analysts' expectations.
  • Investors sent AMD's shares down 7 percent in after-hours trading, despite overall revenues exceeding expectations.
  • AMD raised its forecast for AI chip sales to $5bn this year and expects about $7.5bn in sales for the fourth quarter.

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