Advanced Micro Devices reported quarterly results above Wall Street expectations, with adjusted earnings of $2.09 per share versus $1.95 expected and revenue of $13.38 billion versus $13.09 billion expected. Revenue increased by 45% from a year earlier, while data center sales nearly doubled and now account for 64% of total business, up from 47% a year ago. For the fourth quarter, AMD forecast revenue of about $17 billion, above the average analyst estimate, and a 55% gross margin. Personal computer chip and gaming revenue fell by 8% and 40%, respectively, while Meta, Microsoft, Anthropic, OpenAI and Oracle have begun using AMD’s Helios systems.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
