Reported 3 months ago
AMD exceeded Wall Street expectations in its second quarter earnings, reporting adjusted EPS of $0.69 on $5.8 billion revenue, driving a 5% surge in its stock. The company attributed its success to the escalating demand in the AI sector for its GPUs and CPUs, with Data Center revenue reaching $2.8 billion, a 115% increase from last year. CEO Lisa Su highlighted strong growth prospects for the second half of the year, fueled by their AI offerings and a recovering PC market.
Source: YAHOO