Reported about 9 hours ago
Advanced Micro Devices (AMD) surpassed expectations in its Q3 earnings, reporting $1.20 per share and $9.25 billion in revenue, along with providing a promising forecast of $9.3 to $9.9 billion for Q4. CEO Lisa Su highlighted the growth in demand for their EPYC and Ryzen processors, driven by AI advancements. Despite a brief fall in stock after the report, AMD's shares have surged 53% in the past month, bolstered by new agreements with OpenAI and Oracle for AI chip supply.
Source: YAHOO