Advanced Micro Devices Inc. failed to impress investors with its revenue outlook, halting a blistering run-up in its shares this year and adding to the concerns over an AI-fueled bubble.
The main contender to Nvidia Corp. in the AI chip market saidBloomberg Terminal Tuesday that it expects roughly $9.6 billion in fourth-quarter revenue. While analysts had estimated $9.2 billion on average, some projections ranged as high as $9.9 billion.