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Advanced Micro Devices (AMD.O) on Tuesday forecast a strong finish to the year, driven by the planned launch of artificial-intelligence chips that could compete with Nvidia (NVDA.O) semiconductors.AMD

AMD surges after issuing positive outlook for AI chips next year. Here's what the pros say

Nov 02,2023
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Advanced Micro Devices (AMD.O) on Tuesday forecast a strong finish to the year, driven by the planned launch of artificial-intelligence chips that could compete with Nvidia (NVDA.O) semiconductors.

AMD shares rose about 3% in after-hours trading.

CEO Lisa Su said AMD is set to ramp up production of its flagship MI300 artificial-intelligence chips in the fourth quarter. The accelerator chips, which are in short supply, are designed to compete against the advanced H100 chips already sold by Nvidia.