AMD Exceeds First-Quarter Estimates with Strong Data Center Revenue Growth
Advanced Micro Devices (AMD) reported first-quarter results that exceeded analyst estimates, with revenue rising 38% year-over-year and data center sales increasing 57%. The company also raised its second-quarter revenue forecast to $11.2 billion, surpassing expectations. AMD's stock has surged over 300% in the past year due to growing demand for AI chips.
Tickers: $AMD
Topics: AI Chips Earnings Revenue Forecast Stock Performance