News Summary

• Advanced Micro Devices said on Tuesday that it expected annual data center chip revenue of $100 billion within the next five years.
• The Santa Clara, California-based chip designer's shares were up 4% in choppy post-market trading, after closing down 2.7% ‌at $237.52.
• The stock has risen 16% since October 6, when the company signed a lucrative multiyear deal with OpenAI that would bring in tens of billions of dollars in ‌annual revenue.