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Live Updates CEO Lisa Su Sees Accelerating AI Demand for AMD 2 minutes ago Live AMD CEO Signals AI Demand Is Still Accelerating Advanced Micro Devices CEO Lisa Su reinforced the company’s AI-driven growth story following earnings,

The company is seeing robust demand for its AI processors and data center GPUs.

AMD said first-quarter revenue rose 38% year over year to $10.3 billion, adjusted earnings came in at $1.37 a share, and data-center revenue jumped 57% to $5.8 billion. Free cash flow climbed to $2.6 billion. The company then guided second-quarter revenue to $11.2 billion, above Wall Street’s estimate of about $10.5 billion.

Advanced Micro Devices forecast second-quarter revenue above Wall Street expectations on Tuesday, helped by keen demand for its data-center chips as cloud-computing companies accelerate spending on artificial-intelligence infrastructure.

Semiconductor goliath is up 59% this year, and Morgan Stanley just raised its target

HSBC analyst Frank Lee worries that investors expecting an “upside earnings surprise” from AMD may be left wanting. He downgraded AMD's stock to hold from buy on Monday, warning that Taiwan Semiconductor Manufacturing,

Advanced Micro Devices is set to report earnings after markets close Tuesday, with the chipmaker's stock seen potentially climbing to new highs following the results.