semiconductor / news / / The Economic Times
AMD stock price jumped 12 per cent in extended trading on Tuesday after surging about 65 per cent so far this year.
AMD increased its server CPU addressable market growth forecast to over 35% annually through 2030.
KEY POINTS
- AMD's data center revenue rose 57% to $5.8 billion, surpassing analyst expectations.
- The company expects server CPU revenue growth of over 70% year-on-year in Q2.
- AMD may need to consider qualifying Intel as a manufacturing partner due to capacity constraints at TSMC.
- AMD's deal with Meta allows Meta to purchase up to 10% of AMD's AI chips over five years.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →