AMD Shares Rebound After Chipmaker Posts Q2 Beat, Guidance Tops Expectations: CEO Lisa Su Says AI Business Accelerating

  • 2 months ago
AMD reported higher year-over-year earnings and revenue for the second quarter, surpassing analyst expectations. Data center revenue saw a record high, while the client segment was up by nearly half year-over-year. CEO Lisa Su said AMD is well positioned for strong revenue growth in the second half of the year as demand for AI computing increases.  AMD anticipates revenue to exceed estimates in the fourth quarter. Shares rose after hours following the results, while the company's shares are down year-to-date.

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