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00:02Advanced Micro Devices shares rose more than 4% in Tuesday pre-market trading
00:07after the chipmaker unveiled its Helios RackScale Artificial Intelligence System
00:11and prepared for its Advancing AI 2026 event.
00:16Helios is scheduled to begin shipping later this year to customers,
00:20including Microsoft, Meta Platforms, OpenAI, and Oracle.
00:23AMD is positioning the platform as a competitor to NVIDIA's Grace Blackwell and Vera Rubin systems.
00:29Investors expect the July 22th event to include updates on next-generation AI chips,
00:34RackScale systems, and additional customers.
00:37AMD shares have gained 220.8% over the past year.
00:42The company is scheduled to report earnings on August 4th,
00:45with analysts expecting earnings of $1.55 per share on revenue of $11, $28 billion.
00:52For all things money, visit Benzinga.com.
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