#AMDBeatsExpectations-AINarrativeContinues $AMD posted a strong Q3 beat after the close yesterday.
• Revenue: $13.38B (+45% YoY) vs ~$13.1B expected
• Adjusted EPS: $2.09 vs $1.95 expected
• Data Center: record $8.5B (+97% YoY)
• Q4 guide: ~$17B (+~66% YoY) vs ~$16.3B expected
Shares rose ~6-8% in extended trading. Lisa Su pointed to accelerating data-center/AI growth, with overall revenue targeted to rise more than 80% in 2027.
This comes as midterm results show Democrats taking control of both chambers. Markets initially sold off on AI/crypto regulation fears before recovering. $BTC continues to chop in the mid-to-high $70k.
$AMD
• Revenue: $13.38B (+45% YoY) vs ~$13.1B expected
• Adjusted EPS: $2.09 vs $1.95 expected
• Data Center: record $8.5B (+97% YoY)
• Q4 guide: ~$17B (+~66% YoY) vs ~$16.3B expected
Shares rose ~6-8% in extended trading. Lisa Su pointed to accelerating data-center/AI growth, with overall revenue targeted to rise more than 80% in 2027.
This comes as midterm results show Democrats taking control of both chambers. Markets initially sold off on AI/crypto regulation fears before recovering. $BTC continues to chop in the mid-to-high $70k.
$AMD