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AMD posts record quarter as data center sales double

Original: amd

AMD reported a record quarterly result, with its data center business doubling on strong demand for AI hardware, while its gaming segment fell sharply. Analysts issued bullish notes on the company's AI chip sales outlook, lifting the stock. The news comes as rival Intel suffered its worst day on the market since the 1970s, erasing roughly $12 billion from the US government's stake, sharpening the contrast between the two chipmakers.

Why now: AMD's record earnings and Intel's simultaneous stock collapse have put the two rival chipmakers at the center of market attention.

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Rank over time, top of the chart is #1. 2 snapshots from 1 d ago to 1 d ago.

Evidence

• AMD can be "data center first" and still care about gaming — CEO Lisa Su is just telling investors where the money is · Windows Central
• AMD's data center revenue nearly doubles in Q3 and CEO Su expects growth to accelerate · CNBC
• AMD’s record quarter: Data center business doubles, while gaming craters · Ars Technica
• AMD shares rise as AI-driven data-center strength fuels growth outlook · Reuters
• Intel stock has worst day since 1970s, wiping about $12 billion off government's stake · CNBC
• AMD Rallies On Bullish Takes For AI Hardware Sales · Investor's Business Daily

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