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AMD calls AI demand strong forecasts revenue beat and shares surge 12% on data center momentum
Technology
Published on 6 May 2026
The 12% jump hinges on AI chip orders
Advanced Micro Devices expects second-quarter revenue to top forecasts as demand for its AI chips remains strong. Growth is especially visible in its data center segment, where customers are scaling deployments. Still, AMD faces tougher competition from Intel, and a potential global memory chip shortage could weigh on consumer electronics sales. Shares are already up sharply this year.
- AMD raised expectations for second-quarter revenue on AI chip demand
- Data center segment growth is a major driver
- Intel competition is intensifying in the chip market
- Memory shortages could impact consumer electronics sales
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times