after-hours trading of Supermicro computers increases, strong performance outlook indicates growth in AI demand

After-hours trading of AMD rose, with the company's sales expectations for the current quarter suggesting strong demand for its equipment used to run AI data centers. The company announced on Tuesday that quarterly revenue for the period ending March 31 will be at least $12.3 billion. Excluding certain items, earnings per share for the third quarter are expected to be at least 60 cents. Analysts had previously forecast earnings per share of 52 cents and sales of $10.2 billion. AMD's outlook indicates that its strong position as a server manufacturer is driving the company, with these servers carrying powerful chips to run AI workloads. The company seems to have made progress in controlling delivery costs and accurately predicting contract signing times. The company stated that sales for the fiscal year will be at least $40 billion, up from a previous forecast of at least $36 billion. The stock rose about 5% in after-hours trading, closing at $29.67 in New York. The stock has risen 11% in the past 12 months.