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TNW | Artificial-intelligence

AMD needs a big quarter to escape Intel’s fate as AI fears grow

AMD's shares are still up more than 120% this year, but investors are punishing any sign of weakness.

By TNW | Artificial-intelligence

Excerpt shared by Lazyfounder

·Excerpt
AMD needs a big quarter to escape Intel’s fate as AI fears grow
Image: Credit: Timothy Dykes on Unsplash

AMD reports third-quarter results on Tuesday after its shares fell about 17% in two days alongside Intel. Analysts expect revenue to rise 41%, but investors say AMD needs a big beat and a strong outlook as AI spending fears grow.

AMD needs a strong quarter and a bold forecast when it reports results after the US market closes on Tuesday, investors told…

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