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
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