AMD forecasts third-quarter revenue below estimates

📆 8/1/2023 11:24 PM
📰 ChannelNewsAsia

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Advanced Micro Devices forecast third-quarter revenue below market expectations on Tuesday, hit by a slowdown in cloud computing spending. The company forecast current-quarter revenue of about US$5.7 billion, plus or minus US$300 million. Analysts polled by Refinitiv expect revenue of US$5.82 billion.

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