Quarterly figures: AMD thanks to AI processors with another record quarter
The chip manufacturer is convincing investors with a 45 percent jump in sales. According to CEO Lisa Su, there is no end to the trend in sight.
AMD has reported a significant surge in revenue and profit, driven by rapidly growing demand for AI specialist processors. The company's revenue jumped 45% to $13.38 billion in the third quarter, with its data centre chip business nearly doubling to $8.55 billion. CEO Lisa Su described the quarter as a record one, with revenue exceeding forecasts, and expressed confidence in maintaining strong revenue growth and increasing profitability in the coming years.
The company's shares rose 7.5% in after-hours trading on Wall Street, with Intel and Nvidia shares also rising around 2%.
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