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semiconductor / news / / Reuters

The chipmaker forecast third-quarter revenue in the range of $33.5 ​billion, plus or minus $750 million.

The chipmaker expects third-quarter revenue between $32.75 billion and $34.25 billion.

KEY POINTS
Customers are committing to ​long-term data center investments as technology ⁠companies race toward artificial general ​intelligence. The resulting growth in AI data ​center capacity is fueling a sharp rise in demand for advanced memory and storage. Sign up here. The chipmaker forecast third-quarter revenue in the range of $33.5 ​billion, plus ​or ⁠minus $750 million, compared with analysts' average estimate of $24.29 billion, ​according to data compiled by ​LSEG. The ⁠company reported revenue of $23.86 billion for the quarter, beating an estimate of $20.07 ⁠billion. Its ​board also approved a 30% ​increase to its quarterly dividend. Reporting by Juby Babu ​in Mexico City; Editing by Shailesh Kuber
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