AMD falls as dour forecast shows tough competition in AI trade

Feb 4 (Reuters) - Advanced Micro Devices shares sank 13% on Wednesday after the company's lackluster sales forecast deepened investor doubts about its ability to take on AI chip ​bellwether Nvidia. AMD predicted its revenue would fall slightly in the current quarter, even as ‌a resumption of China sales gives an unexpected boost, showing its struggle to penetrate the booming market where Nvidia is ‌aggressively defending its position. Growing use of custom AI chips by tech giants, and Google's deal to ...