Advanced micro tools generate higher revenue than expected

Advanced Micro Devices Inc. on Tuesday forecast fourth-quarter revenue above market expectations, betting it will supply enough to meet strong demand for its chips used in PCs, gaming consoles and data center servers. The chain will remove the obstacles.

The company has tried to mitigate the damage caused by the supply chain crisis to the chip industry by redirecting supply and zeroing in on selling only its most profitable chips.

It has also eaten into rivals’ market share by offering a new range of chips that overtake Intel Corp.

The company said it expects current quarter revenue of about $4.5 billion, plus or minus $100 million, compared to analysts’ average estimate of $4.25 billion, according to Refinitiv data.

Its revenue for the third quarter of $4.31 billion was also higher than expected by $4.12 billion.

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