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AMD needs a strong outlook to keep its momentum as AI spending doubts grow

By ChordNews · First written

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Summary

Advanced Micro Devices is one of this year's best-performing chip stocks, but skepticism about artificial-intelligence spending is rising. The company may need strong results and an aggressive outlook to maintain that momentum when it reports earnings Tuesday afternoon.

This continues an earlier story: Intel's stock crashes after earnings, and AMD's shares slide too

Later: Chip stocks rebound after AI selloff, but analysts warn of more volatility

Timeline

  1. Bloomberg

    Source ↗

    Bloomberg reports that AMD is one of this year's best-performing chip stocks, but with AI spending skepticism rising, it could need strong results and an aggressive outlook to maintain momentum when it reports earnings Tuesday afternoon.

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