AMD Dumps & Pumps (To New Record High) After Beat-And-Raise

AMDshares initially pukedafter results dropped showing top- and bottom-line beats:

EPS: $1.37 vs. $1.29 adjusted expected

Revenue: $10.25 billion vs. $9.89 billion expected

But now they areexploding higherafter the second-largest AI chipmaker raised estimates:

Revenue jumped 38% from $7.44 billion a year ago, the company said in a release on Tuesday, beating in every segment...

Data center revenue $5.78 billion, +57% y/y, estimate $5.61 billion

Gaming revenue $720 million, +11% y/y, estimate $668.6 million

Client revenue $2.89 billion, +26% y/y, estimate $2.73 billion

Embedded revenue $873 million, +6.1% y/y, estimate $868.4 million

“Looking ahead, we expect server growth to accelerate meaningfully as we scale supply to meet demand,” Chief Executive Officer Lisa Su said in the statement.

Source: ZeroHedge News