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via cnbc.comBusiness & Companies

AMD stock jumps 7% on earnings as data center revenue nearly doubles

FROM THE WIRE · CNBC.COM

AMD reported third-quarter earnings that beat Wall Street expectations, with revenue jumping 45% from a year earlier. Revenue in the chipmaker's data center business nearly doubled, and CEO Lisa Su said AMD can meet accelerating demand for AI chips.

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishA beat by a major chipmaker tied to AI chip demand can move the semiconductor sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01AMD reported third-quarter earnings above Wall Street expectations.
  2. 02Revenue jumped 45% from a year earlier.
  3. 03Data center business revenue nearly doubled.
  4. 04CEO Lisa Su said AMD can meet accelerating demand for AI chips.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Advanced Micro Devices, Inc.AMDStock483.90 USDMarket closedtoday +3.65%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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