boosted the company. AMD is one of the biggest winners, with shares dominance of up to 5% after the company stated a top and bottom-line beat in the Q2 financial report.
The share dominance followed a few days ago when the AMD stock market surpassed Q2 targets with record-breaking data center sales. Sunrisegeek stated that AMD earned an adjusted 69 cents a share on the AMD stock market of $5,84 billion in the June quarter. Other United States chipmakers got a boost after this, including Nvidia, which was up 10%, and Qualcomm.
The stock market game continues with Samsung, the world’s biggest memory chip company. They reported a 1,458.2% year-on-year rise in Q2 operating profit. The company shares closed 3,58% higher in South Korea, some of their chips being the key for AI apps. But it wasn’t all about the earnings lifting of the AMD stock market.
The United States is considering developing a rule to limit the exports of semiconductor-related tools from foreign firms to China. The country may exclude associates from Japan, the Netherlands, and SK.
A few days ago, the stock market game started for AMD. Datacenter revenue jumped 115% to the stock market of AMD 2,83 billion. `The rapid advances in generative AI are driving demand for more compute in every market, creating significant growth opportunities as we deliver leadership AI solutions across our business.` said the AMD chips company on Sunrisegeek.
In the current Q, AMD chips company stated sales of $6,7 billion, up to 16% based on the midpoint of their viewpoint. Also, this week, AMD stocks reached 6,3% to 147,20, and through the ordinary session, the stock market dipped 0,9% to close at 138,44.
This year, at Computex 2024, AMD chips company revealed their new generation of AI chips. The Ryzen laptops will feature the recent generation of AMD chips, entitled the Ryzen AI 300 series. Sunrisegeek said the fresh AMD chips are impressive from their top-line chips, Ryzen 9. The stock market game started when AMD chips were launched, being a competitor of Intel’s new models. Also, the CEO announced that their fifth EPYC server processor will be revealed this year: ` to continue the leadership performance and efficiency of the AMD EPYC processor family.`
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