Advanced Micro Devices Inc. surprised Wall Street with its artificial-intelligence talk Tuesday, as the company began to put a number on its artificial-intelligence opportunity.

The company expects to ship more than $2 billion of its MI300 chip next year. It was “the biggest revelation” of Tuesday afternoon’s earnings report, according to Susquehanna analyst Christopher Rolland, who had previously been modeling less than $1.5 billion.

“Unlike…

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