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Amd reports record quarterly revenue and profit

Outlets agree that AMD posted a record quarter driven by AI chips, while differing on specific financial details.

AMD Athlon XP Palomino
Photo · Matthieu Riegler English : This photo has been taken by Matthieu Riegler ( User: / Wikimedia Commons · CC BY 3.0 · shown in black and white

At a glance

  • AMD reported a record quarter driven by artificial intelligence chip demand.13
  • The company achieved its largest and most profitable period in its history.13

Advanced Micro Devices announced record financial results for the third quarter.13

The strong performance was driven by high demand for data center and artificial intelligence chips.13

The chip maker delivered better-than-expected results, leading to a rise in its stock price.23

Leadership highlighted the period as the largest and most profitable in the company's history during an earnings call.12

Where sources agree

  • Record quarterly financial results3 of 3
  • Driven by artificial intelligence demand3 of 3
  • Data center growth mentioned2 of 3

Where sources differ

What specific revenue figures and forecasts were reported?

AMD reported $13.4 billion in revenue and predicted $17 billion next quarter.1

Data center revenue nearly doubled.3

We show both readings and don't pick a side.

Who covered this

3 National

Sources

  1. 1The VergeAMD rides data center riches to ‘largest and most profitable' quarter in history ↗
  2. 2MarketWatchHere’s why AMD’s stock is rising — and sending a confident message about the AI trade ↗
  3. 3CNBCAMD stock jumps 8% on earnings as data center revenue nearly doubles ↗

Based on reporting from these reputable newsrooms and reviewed by Orbit’s editors. A fact appears only when at least two sources report it. Orbit is not affiliated with these publishers.

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