{
  "id": 18031750,
  "title": "AMD forecasts quarterly revenue above estimates as data-centre growth accelerates",
  "url": "https://urgent.news/2026/11/03/amd-forecasts-quarterly-revenue-above-estimates-as-data-centre-growth",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T22:23:59.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/amd-forecasts-quarterly-revenue-above-estimates-data-centre-growth-accelerates"
  },
  "original_language": "en",
  "account": "AMD recently forecasted fourth-quarter revenue higher than Wall Street estimates, driven by robust demand for its chips. This surge in growth is attributed to the multi-billion-dollar push to compete with Nvidia's dominance in the AI semiconductor industry. The company's shares soared over 7.5 percent in extended trading, while Intel shares rose by 2 percent, Nvidia stock climbed over 1 percent, and Broadcom advanced by 1.2 percent. In Q3, AMD's data-center revenue nearly doubled compared to the previous quarter, gaining ground on rival Intel, which had recently forecasted revenue lower than estimates, leading to a global sell-off in chip stocks. AMD expects Q4 revenue of around US$17 billion, with an adjusted gross margin of roughly 55 percent, slightly lower than the 56 percent seen in Q3. The company is expanding its AI product offerings, transitioning from standalone chips to competing with Nvidia's rack-scale systems through its flagship Helios rack, currently in production. This system, featuring the MI455X accelerator and new \"Venice\" server chips, will ramp up further in Q4. AMD's collaboration with Meta, where the company agreed to sell up to US$60 billion worth of AI chips over five years, demonstrates its commitment to this market. AMD's third-quarter revenue grew by 45 percent, reaching US$13.38 billion, surpassing estimates of US$13.09 billion. Data-center revenue jumped by 97 percent to a record US$8.55 billion, also exceeding expectations. However, the semiconductor industry faces a global memory shortage, making expensive high-bandwidth memory scarce as manufacturers strive to boost production. In Q3, AMD's client and gaming segment, which includes PC chips and console processors, saw a 8 percent decline in sales, falling to US$3.72 billion, missing estimates of US$3.79 billion. AMD recently acquired World Labs, a startup led by AI researcher Fei-Fei Li, for US$8.2 billion, strengthening its position in research on physical AI systems.",
  "summary": "The stock has more than doubled so far this year",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "AMD forecasts quarterly revenue above estimates as data-center growth accelerates",
        "url": "https://urgent.news/2026/11/03/amd-forecasts-quarterly-revenue-above-estimates-as-data-center-growth",
        "published": "2026-11-03T21:18:34.000Z"
      },
      {
        "outlet": "CNBC Technology",
        "title": "AMD stock jumps 7% on earnings as data center revenue nearly doubles",
        "url": "https://urgent.news/2026/11/03/amd-stock-jumps-7-on-earnings-as-data-center-revenue-nearly-doubles-18023404",
        "published": "2026-11-03T21:20:14.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}