AMD jumps after guidance points to 2027 data center revenue near $70B
Advanced Micro Devices rose 6.35% intraday after management told Citi’s Global TMT Conference that its data center business should double in 2027 to around $70 billion.
Advanced Micro Devices Inc. 35% intraday after management said at Citi's Global TMT Conference that its data center business should double in 2027 to around $70 billion. Executives said AI GPUs would account for the low $40 billions, with server CPUs making up the rest. They also put the AI market at $2 tri…