AMD tops Q2 estimates, forecasts rosy revenue for 2020

For the second quarter, Advanced Micro Devices reported revenue that is higher than analysts expected and forecast its 2020 revenue would increase 32% from last year, better than its April guidance of 25% for the full year. The chip design company intends to ship on time the PlayStation 5 and Xbox Series X chips, the RDNA 2 graphics processing units and the Zen 3 processors.

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