AMD expects Q3 revenue of around $8.7 billion, beating Wall Street forecasts

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Advanced Micro Devices said on Tuesday it expects third-quarter revenue to exceed Wall Street forecasts, as businesses rush to beef up their artificial intelligence chip infrastructure. In after-hours trading, shares of the Santa Clara, California-based company fell about 4%, as the forecast failed to meet some investor expectations, according to Reuters . Year to date, AMD shares have jumped over 40%, far outpacing a roughly 12% gain in the benchmark chip index, as investors wager on its role i...