Advanced Micro Devices posted strong top and bottom-line results for the third quarter and shared a bullish forecast for its server growth, impressing analysts.
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AMD earnings beat the Street. Here's what analysts are saying
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Advanced Micro Devices posted strong top and bottom-line results for the third quarter and shared a bullish forecast for its server growth, impressing analysts.
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AMD earnings: $17B forecast would beat Intel for the first time
‘We delivered a record quarter,’ says Lisa Su, as AMD earnings show data centre sales up 97% and a $17B forecast.
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“We are a data center first company,” AMD CEO Lisa Su says.
The comments, made in an interview with Yahoo Finance, come after the chipmaker reported its “largest and most profitable” quarter in history. Su expects AMD’s data center business to grow 50 percent from Q3 to Q4, calling the growth a “testament to how important computing is” to the AI boom.
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AMD's record quarter: Data center business doubles, while gaming craters
AMD's gaming revenue fell 40 percent in an otherwise record $13.4 billion quarter.
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