Home/ Crypto News/ Advanced Micro Devices (AMD) Stock: Surges 7% as Q2 Revenue Rises 50% and Data Center Sales Jump 107%
blockonomi 2 hours ago

Advanced Micro Devices (AMD) Stock: Surges 7% as Q2 Revenue Rises 50% and Data Center Sales Jump 107%

TLDR AMD revenue jumps 50% to a record $11.5 billion in a powerful second quarter. Data Center sales more than double, rising 107% to a record $6.7 billion total. GAAP net income climbs 163% to $2.3 billion as operating margins expand sharply. AMD shares gain 7% at the close before plunging 8.49% in after-hours trade. [...]

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Source: Source: Blockonomi