(Reuters) – Chipmaker Advanced Micro Devices forecast first-quarter revenue below market estimates on Tuesday, as it grapples with uncertain demand for its AI server chips and a cyclical slump in sales of its programmable processors.
The company expects revenue of $5.4 billion, plus or minus $300 million, for the current quarter, compared with analysts’ average estimate of $5.73 billion, according to LSEG data.
(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Shilpi Majumdar)
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