AMD Shares Jump 16.5% After-Hours on 38% Quarterly Revenue Growth
AMD reported 38% year-on-year revenue growth in the latest quarter, driving shares up 4.02% in regular trading and 16.54% in extended hours. The surge reflects strong demand for data center processors and graphics units following its earnings release.
1. Quarterly Revenue Surge
AMD delivered 38% year-over-year revenue growth in the latest quarter, marking one of its strongest expansions in recent years.
2. Share Price Reaction
The stock rose 4.02% during the regular session and jumped 16.54% in extended trading after the earnings release, boosting market value significantly.
3. Growth Drivers
Management cited robust demand for server CPUs in the data center segment and continued strength in graphics chip sales as key factors fueling revenue gains.
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