$Advanced Micro Devices (AMD.US)$ shares tumbled more than 5% in extended trading Tuesday after the chipmaker's fourth quarter revenue outlook missed analysts' estimates.
Revenue for the fourth quarter ending in December is expected to reach about $7.5 billion, plus or minus $300 million. That midpoint is lower than the $7.55 billion expected by analysts, according to estimates by Bloomberg.
The miss in outlook ov...

The global semiconductor industry, valued at $530 billion, is undergoing a transformative shift driven by the rapid rise of AI. Companies that have embraced AI are thriving, while those that have missed this wave are struggling. Based on recent analyses, this divide is only expected to grow wider.
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