AMD rose about 5% after beating first-quarter revenue and adjusted earnings estimates

Advanced Micro Devices (AMD) rose about 5% in late trading Tuesday after the chip company beat Wall Street’s first-quarter targets and gave a stronger sales forecast for the next quarter. AMD reported $10.25 billion in quarterly revenue, above the $9.89 billion expected by LSEG. Adjusted earnings came in at $1.37 per share, beating the $1.29...