Financial news stated AMD stocks rose in extensive trading. The Santa Clara, California-based company earned an adapted 69 cents a share on AMD stocks of $5.84 billion in the June quarter.
Advanced Micro Devices, INC. (AMD) is an American fabless semiconductor company based in Santa Clara, California. The multinational company creates, develops, and sells computer processors and other technologies for business and consumer markets.
AMD processors are used in various computing devices, such as personal computers, servers, laptops, and gaming consoles. In 2010, AMD stocks increased due to the success of their Ryzen processors, which are substantially more competitive with Intel microprocessors.
”We delivered strong revenue and earnings growth in the second quarter driven by record Data Center segment revenue,” said AMD Chair and CEO Dr. Lisa Su on AMD news. “Our AI business continued accelerating, and we are well positioned to deliver strong revenue growth in the second half of the year led by demand for Instinct, EPYC, and Ryzen processors.”, AMD news declared.
Datacenter income jumped 115% to stock AMD 2.83 billion. Financial news said that an excessive ramp in shipments of AMD Instinct graphics processors for AI requests drove the sales rise. ”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 news today.
AMD client section posted stock AMD of $1.49 billion, up 49% year over year, conducted by sales of AMD Ryzen PC processors. However, AMD News declared that the gaming area was down 59% year over year to $648M due to a decline in semi-custom earnings.
For the current quarter, AMD news today declared forecast sales of $6.7 billion, up to 16% based on the midpoint of their outlook. After trading on the Stock Market today, AMD stocks climbed 6,3% to 147.20. During the ordinary session, AMD stocks plunged 0,9% to close at 138,44.
”We delivered strong revenue and earnings growth in the second quarter driven by record data center segment revenue," AMD Chief Executive Lisa Su said in AMD news today about the stock AMD. Our AI business continued accelerating, and we are well positioned to deliver strong revenue growth in the second half of the year led by demand for Instinct, Epyc, and Ryzen processors,” the chief declared on the financial news.
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