# Bloomberg — AMD Forecast Exceeds Estimates as AI Chip Demand Soars

- Company: Bloomberg (bloomberg.com)
- Announced: 2026-11-03T22:29:58+00:00
- Category: not stated
- Coverage: not counted
- Announcement: yes
- Group: announcements
- Source: https://www.bloomberg.com/news/videos/2026-11-03/amd-forecast-exceeds-estimates-as-ai-chip-demand-soars-video
- Record: https://forck.live/items/31286-amd-forecast-exceeds-estimates-as-ai-chip-demand-soars
- Subject: Reporting

Advanced Micro Devices Inc., a key challenger to Nvidia Corp. in artificial intelligence chips, gave a revenue forecast that exceeded analysts’ estimates, showing that demand for data center processors remains strong. Fourth-quarter revenue will be $17 billion, plus or minus 3%, the chipmaker said in a statement Tuesday. The outlook provided fresh evidence that AI spending is sustainable, soothing jittery investors. We get reaction from Kunjan Sobhani, Senior Semiconductor Analyst for Bloomberg Intelligence. (Source: Bloomberg)

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