AMD’s record quarter: Data center business doubles, while gaming craters
Summary
AMD posted record quarterly revenue driven by rapid growth in its data center division, despite a significant downturn in the gaming segment. Looking ahead, corporate leadership projects even stronger year-over-year revenue growth for the upcoming period.
AMD reported third-quarter revenues on Tuesday with a record $13.4 billion, an increase of 45 percent year over year, as data center business nearly doubled and the company's gaming segment cratered. AMD CFO Jean Hu said, "We expect revenue to be approximately $17 billion, plus or minus 3%. The middle point of our guidance represents approximately 66% year-over-year revenue growth,…
Source: Read the full story at Ars Technica - All content
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