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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 ...
CEO Lisa Su believes the AI chip market will reach $400 billion by 2027. AMD is on pace to capture just a fraction of that figure -- around $12 billion in data center sales this year. AMD's data ...
The company forecast revenue of $6.7 billion, plus or minus $300 million, for the third quarter, compared with analysts' average estimate of $6.61 billion, according to LSEG data.
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 ...
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 ...
So, let's take a closer look at these tech giants and determine whether AMD or Microsoft is the better stock to invest in AI. Advanced Micro Devices Shares in AMD have spiked 153% since the start ...
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