(CNBC) For the fourth quarter, AMD said it expects about $6.1 billion in sales, while analysts were looking for revenue of $6.37 billion. AMD is one of the few chipmakers capable of making the kind of high-end graphics processing units (GPUs) needed to train and deploy generative artificial intelligence models. That market is dominated by Nvidia.
AMD gives soft fourth-quarter guidance, but expects to sell $2 billion of AI chips next year
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