(Reuters) – Chip designer Advanced Micro Devices forecast current-quarter revenue above Wall Street expectations on Tuesday as a coronavirus-led shift to remote working and playing from home drives demand for its chips used in PCs, data centers, and gaming consoles.
The chip designer projected first-quarter revenue to be about $3.2 billion, plus or minus $100 million, compared to analysts’ average estimate of $2.74 billion, according to IBES data from Refinitiv.
(Reporting by Chavi Mehta in Bengaluru; Editing by Sriraj Kalluvila)
