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SOURCE: COMPANY REPORTS. AMD's Data Center revenue, which includes sales of AMD's GPUs and CPUs, topped out at $2.8 billion, beating expectations of $2.75 billion. That's a 115% jump versus the ...
July 31, 2024 at 11:00 AM. Advanced Micro Devices (NASDAQ: AMD) stock is surging in Wednesday's trading. The semiconductor company's share price was up 7.3% as of 10:45 a.m. ET, according to data ...
Because of surging demand, AMD CEO Lisa Su said, the company boosted its 2024 AI chip revenue forecast to $4.5 billion from a previous target of $4 billion. The supply of such chips will remain ...
AMD stock gained 43% in the last 12 months. Investors can gain exposure to the stock via Invesco QQQ Trust, Series 1 (NASDAQ: QQQ ), and SPDR S&P 500 (NYSE: SPY ).
AMD is jumping on the AI bandwagon. Shares of Advanced Micro Devices (NASDAQ: AMD) were flying higher today, sparking a broad recovery in the chip sector as AMD reported soaring demand in its data ...
AMD Stock Is a Buy Thanks to This Improving Metric. Will Healy, The Motley Fool. August 7, 2024 at 9:45 AM. It's been tough going for Advanced Micro Devices (NASDAQ: AMD) lately. Analysts and ...
On an adjusted basis, AMD forecast gross margin of about 53% for the second quarter, just beating the estimate of 52.9%. Revenue at its data center business jumped 80% to $2.3 billion.
In the last 12 months, AMD has invested $125 million into different AI companies. In fact, just in 2023, the company acquired two AI start-ups -- Nod.ai and Mipsology. Moreover, back in 2020, AMD ...
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