#amdbeatsexpectations-ainarrativecontinues AMD beat Wall Street's third-quarter earnings expectations, proving that demand for artificial intelligence chips remains extremely strong. Total revenue climbed 45% to a record $13.4 billion, largely powered by its data center segment, which almost doubled to $8.55 billion. Huge sales of server processors and AI hardware drove these results, easing recent investor worries about tech spending. Following the strong report and a high revenue forecast for the next quarter, AMD's stock jumped roughly 8% in extended trading.
$BTC $ETH $ARB