AMD beats expectations as agentic AI sparks its data center revenue growth engines
Third-quarter results beat expectations as data center sales nearly doubled year over year
Shares of the chipmaker Advanced Micro Devices Inc. were up more than 5% in late trading today after it delivered solid third-quarter earnings and revenue today, with data center sales almost doubling from a year ago. The company reported earnings before certain costs such as stock compensation of $2.09 per share, easily beating Wall Street’s […] The post AMD beats expectations as agentic AI sparks its data center revenue growth engines appeared first on SiliconANGLE.
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AMD’s results point to data center demand as a major growth driver amid rising interest in agentic AI. The near-doubling of data center sales suggests that demand is translating into substantial revenue growth.
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