AMD shares rise as investors cheer AI-driven revenue growth targets

Gadget-uri

Advanced Micro Devices shares surged 7 per cent on Wednesday after the chipmaker unveiled a bold $100 billion annual data-center revenue target, with plans to claim a larger slice of the booming artificial intelligence market dominated by Nvidia. The company was set to add over $26 billion to its market value if the gains hold, a day after it laid out its three- to five-year goals such as more than tripling its earnings at its first analyst day in three years. The market for data-center chips