Chip designer AMD beat analyst revenue and EPS estimates for its second quarter financials, sending the shares soaring in aftermarket trading. AMD reported $5.8 billion in revenue and $0.69 in earnings per share, which was higher than the $5.72 billion and $0.68 that analysts had penciled in for the quarter. At the heart of the beat was AMD’s AI division, with AI sales helping it grow Data Center division revenue by a strong 115% annually and Data Center operating income by 405%. The results helped stem the annual drops in AMD’s gaming and embedded business divisions, and its shares soared […]
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