AMD Forecast Beats Estimates

United StatesAMD’s data-center revenue jumped 97% to $8.55 billion.

Shares rose over 6% in extended trading as AMD takes market share from Intel.

AI workloads are shifting to running models, and Meta agreed in February to buy up to $60 billion of AMD chips.

Client and gaming sales fell 8% to $3.72 billion, missing estimates.

AMD expects $17 billion in fourth-quarter revenue against analysts’ $16.23 billion, as Helios racks ramp up.

How each outlet framed it

Reuters: foregrounds the AMD-vs-Intel share shift: AMD's Q4 guide ($17B) lands as Intel's guidance miss triggered a chip selloff
Bloomberg Business leans favorable