AMD reported quarterly earnings on Tuesday that missed expectations. The company trails Nvidia in the market for graphics processing units, or GPUs. Big customers such as Meta and OpenAI are increasingly looking to AMD to provide an alternative to Nvidia's chips,

Advanced Micro Devices forecast third-quarter revenue above Wall Street estimates on Tuesday, betting on upbeat demand for its artificial intelligence chips from businesses rushing to expand infrastructure to dominate the latest technology.

Advanced Micro Devices (AMD) is set to report second-quarter results after the closing bell on Tuesday, with traders anticipating a sizable move from the chipmaker's stock. Current options pricing suggests traders expect the stock could move more than 7% by the end of this week,