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0.0010496850944717 0.00139958012596218 0.00139958012596218 0.00314905528341497 0.00384884534639606 0.00594821553533933 0.00594821553533933 0.00594821553533933
Stock impact report

AMD results beat estimates on data center, server growth; shares climb [Reuters]

Advanced Micro Devices, Inc. (AMD) 
Last advanced micro devices, inc. earnings: 4/28 04:25 pm Check Earnings Report
US:NYSE Investor Relations: ir.amd.com/investor-overview
Company Research Source: Reuters
AMD results beat estimates on data center, server growth; shares climb - Reuters 4 Min Read (Reuters) - U.S. chipmaker Advanced Micro Devices Inc beat Wall Street estimates for quarterly revenue and profit on Tuesday, selling more chips used in data centers and servers, and sending its shares up 6 percent in after-market trading. The results underscored AMD’s success in bolstering its data center and server sales with new launches in the Ryzen and EPYC line of chips for desktops and servers. In contrast, larger rival Intel Corp last week reported a drop in first-quarter data center sales as customers worked through stockpiles of chips bought last year against the backdrop of the U.S.-China trade war. AMD also forecast second-quarter revenue of about $1.52 billion, plus or minus $50 million, in line with analysts expectations. “AMD’s in-line results and guidance is very positive. Particularly compared with Intel’s poor guidance last week,” said Kevin Cassidy, an analyst with Stifel Nic Show less Read more
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