AMD Rallies After AI Demand Fuels Blockbuster Forecast

Advanced Micro Devices Inc., the leading challenger to Nvidia Corp. in AI computing chips, soared to a record in early trading after a flood of data center spending bolstered its sales forecast. Second-quarter revenue will be $11.2B, plus or minus $300M, the company said in a statement Tuesday. That compares with an average analyst prediction of $10.5B, according to data compiled by Bloomberg. Bloomberg's Kunjan Sobhani joins Bloomberg Intelligence to discuss.