AMD predicts weaker first-quarter sales, shares plunge on Nvidia comparisons

By Arsheeya Bajwa and Stephen Nellis Feb 3 (Reuters) - Advanced Micro Devices on Tuesday forecast a slight decline in quarterly revenue, raising concerns about whether it can effectively challenge Nvidia in the booming AI market and sending its shares tumbling 8% ​in after-hours trade. The lacklustre prediction comes despite an unexpected boost from sales of certain artificial intelligence chips to China, which began ‌in the last quarter after the Trump administration approved a license for orders that A ...