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EUROPEAN COMMISSION: IT WOULD BE BENEFICIAL IF MAIN FEATURES OF EU-US TRADE DEAL ARE IN LINE AHEAD OF ONE-YEAR ANNIVERSARY

Advanced Micro Devices Inc. forecast second-quarter sales of $11.2 billion, plus or minus $300 million, above the $10.5 billion estimate, driven by strong AI infrastructure demand. First-quarter revenue rose 38% to $10.3 billion, with adjusted earnings of $1.37 per share, both ahead of expectations. Data center sales climbed 57% to $5.8 billion, while PC revenue rose 23% to $3.6 billion. Shares gained in after-hours trading and are up 66% this year as AMD benefits from AI accelerator demand despite Nvidia Corp. competition and memory supply constraints. CEO Lisa Su said, “Looking ahead, we expect server growth to accelerate meaningfully as we scale supply to meet demand.”