The investment firm upgraded the chipmaker to outperform from perform.
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AMD shares are primed for a comeback, says Oppenheimer
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The investment firm upgraded the chipmaker to outperform from perform.
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AMD plans to invest in PsiQuantum as they team up on quantum
“Leadership in classical computing is essential to building systems at scale,” says AMD’s Mark Papermaster.
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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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