AMD Earnings: Data Center and PC Shine
Here's our initial take on Advanced Micro Devices' (NASDAQ: AMD) fourth-quarter financial report.
AMD's overall revenue shot up 24% year over year in the fourth quarter. The data center segment, which accounts for AMD's EPYC server CPUs and its Instinct AI accelerators, was the star performer. Revenue rose a whopping 69% to $3.9 billion in the fourth quarter, driven by both product lines. For the full year, AMD sold more than $5 billion worth of its Instinct accelerators.
AMD's PC-centric client segment also shined, with revenue up 58% year over year to $2.3 billion. The company is likely benefiting from Intel's (NASDAQ: INTC) struggles. Intel's PC chips have been a mixed bag as of late in terms of performance, with its Arrow Lake desktop CPUs particularly disappointing.
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 108 Buy predictions and 3 Sell predictions.
With a target price of 242 € there is a slightly positive potential of 12.04% for Advanced Micro Devices Inc. compared to the current price of 216.0 €.
