AMD Stock Surges on Record Data Center Revenue
AMDAMD(AMD) Investopedia·2024-07-31 06:53

Key TakeawaysAdvanced Micro Devices reported second-quarter sales that surpassed analysts' expectations.The chipmaker's top-line gains came as data center revenue more than doubled year-over-year to a record high as AI demand surged.AMD's revenue forecast for the third quarter also beat estimates, with the chipmaker saying it expects to "deliver strong revenue growth in the second half of the year." Advanced Micro Devices (AMD) reported second-quarter sales that beat analysts' expectations, driven by record ...