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Advanced Micro Devices headquarters in Santa Clara, California.Photographer: David Paul Morris/Bloomberg
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By Ian King
August 4, 2026 at 4:19 PM EDT
Updated on August 4, 2026 at 6:33 PM EDT
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Advanced Micro Devices Inc. tumbled in late trading after giving an underwhelming sales outlook, a sign shareholders expected more of a return from the global expansion of AI data centers.
Third-quarter revenue will be $13 billion, plus or minus $300 million, the chipmaker said in a statementBloomberg Terminal Tuesday. Though analysts predicted $12.5 billion on average, some Wall Street estimates were well north of $13 billion, according to data compiled by Bloomberg.
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