AMD raises profit forecast following surge in AI demand

Golden Ten Data reported on May 6 that AMD (AMD.O), the world's second-largest computer processor manufacturer, has issued a strong performance outlook for the current fiscal quarter, indicating that the company is benefiting from huge investments in the field of artificial intelligence. In a statement on Tuesday, AMD said that sales for the second quarter are expected to be $11.2 billion, with a fluctuation of $300 million. Previously, analysts' average forecast was $10.5 billion. After the announcement, AMD's stock price surged as much as 7.1% in after-hours trading. This outlook shows that AMD is winning orders from the biggest clients investing in artificial intelligence computing. Although NVIDIA remains the dominant supplier of artificial intelligence processors, data center clients are increasingly seeking alternative solutions—this trend favors AMD.