Advanced Micro Devices Inc., the main contender to Nvidia Corp. in the artificial intelligence chip market, failed to impress investors with its revenue forecast after an eye-popping rally sent expectations soaring.
Fourth-quarter revenue will be roughly $9.6 billion, the company said in a statementBloomberg Terminal Tuesday. Though analysts had estimated $9.2 billion on average, some projections ranged as high as $9.9 billion.