Advanced Micro Devices Inc. shares surged in the extended session Tuesday after the chip maker’s results topped Wall Street estimates, and the company’s chief executive said there will be “multiple winners” in the AI arms race.
AMD AMD shares rose 2.7% after hours, following a 2.9% gain to close the regular session at $117.66. AMD’s earnings follow those from Intel Corp. INTC last week, when the chip maker reported a data-center beat, and strong PC sales.
Santa…
