Reported about 10 hours ago
AMD has achieved record quarterly earnings, significantly exceeding analysts' expectations due to soaring demand for its data center chips, particularly in the AI sector. In the third quarter, the company posted adjusted earnings of $1.20 per share on revenue of $9.25 billion, marking a 36% year-over-year increase. The data center segment saw a 22% growth to $4.3 billion. Looking ahead, AMD's fourth-quarter revenue forecast is notably higher than analyst predictions, reflecting continued strong performance despite concerns over a potential AI bubble.
Source: YAHOO