AMD beats expectations as agentic AI sparks its data center revenue growth engines
Advanced Micro Devices reported strong Q3 results with earnings per share of $2.09 beating analyst expectations. The standout performance came from data centre division, which saw revenue nearly double year-over-year, fuelled by accelerating enterprise demand for agentic AI capabilities. This reflects broad market momentum in enterprise AI infrastructure investments.
Key points
- AMD data centre revenue nearly doubled compared to prior year.
- Stock rose more than 5% following earnings beat.
- Agentic AI demand driving growth in chip sales for enterprise infrastructure.
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