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The Nexus
BUSINESSMay 6 · 14:39 UTCCNBC TOP

AMD's Su explains what's behind massive forecast change as stock roars 15% on earnings

AMD's CEO Lisa Su has doubled her long-term forecast due to growing demand for central processing units after strong first-quarter earnings, resulting in a 15% increase in stock price. The company's earnings report was better than expected, leading to the massive forecast change. This growth is driven by the increasing need for powerful processing units.

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