AMD Stock Surges 16.6% After Strong Q1 Earnings and Revenue Beat
Advanced Micro Devices (AMD) reported better-than-expected Q1 earnings and revenue, driving a 16.6% surge in its stock. The company's AI chip demand is accelerating, with CEO Lisa Su noting continued growth in the AI market. AMD's gross profit margin expanded by three percentage points to 53%, and its operating margin reached 14%.
Topics: AI AMD earnings Nvidia semiconductors