Advanced Micro Devices ( AMD-Q ) forecast fourth-quarter revenue above market estimates on Tuesday, betting on the multibillion-dollar expansions of data center infrastructure to boost demand for its artificial intelligence chips.

AMD has received significant investments in AI hardware from companies such as ChatGPT maker OpenAI and the U.S. Department of Energy, as investors expect spending on advanced processors will continue. But fears remain that the AI boom has created mounting risks as it is still unclear whether the investments will generate the cash needed to sustain expectations.

The company expects revenue of about $9.6 billion for the quarter, plus or minus $300 million, compared with analysts’ average estimate of $9.15 billion, according to data compiled by LSEG.

The compa

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