• 2 months ago
Advanced Micro Devices reported third-quarter earnings Tuesday, aligning with forecasts and beating revenue expectations. AMD’s data center revenue, buoyed by its GPUs for AI, more than doubled year-over-year. AMD also highlighted robust demand for its new AI chip, predicting $5 billion in AI chip sales this year. Gaming and embedded segments fell, with gaming revenue dropping year-over-year due to reduced custom chip demand. Shares fell 7% on Tuesday in after-hours trading.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Advanced Micro Devices reported third quarter earnings Tuesday aligning with forecasts and
00:07beating revenue expectations. AMD's data center revenue buoyed by its GPUs for AI
00:13more than doubled year over year. AMD also highlighted robust demand for its new AI
00:18chip predicting $5 billion in AI chip sales this year. Gaming and embedded segments fell
00:23with gaming revenue dropping year over year due to reduced custom chip demand.
00:28Shares fell 7% on Tuesday in after hours traded.
00:31For all things money, visit Benzinga.com slash GSTV.

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