Reported 2 days ago
Advanced Micro Devices (AMD) has shown promising growth, particularly in its data center segment, with revenues surging 57% to $3.7 billion, despite a challenging year where the stock is down 35%. The shift in the AI chip market towards inference presents a significant opportunity for AMD, as it leads in data center CPU space and has seen increasing demand for its GPUs in generative AI applications. Although export restrictions to China may hinder some revenue, AMD anticipates continued double-digit growth, making it a potentially attractive time to invest in its stock.
Source: YAHOO