AMD Jumps 8% as Data Center Revenue Nearly Doubles — SkimNews
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- AMD shares jumped 8% after earnings, with the stock move accompanying data-center revenue that nearly doubled.
- AMD beat Wall Street estimates as AI-chip demand soared, and its forecast also exceeded expectations.
Why it matters: The 8% share rise gives investors an immediate market verdict on AMD's earnings beat, while nearly doubled data-center revenue shows the operating scale behind the reaction. For shareholders, the report combined a double-digit stock gain with sharply higher data-center revenue and forecasts above Wall Street estimates.
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