AMD Reports Record Data Center Segment Revenue of $2.8B, Up 115% YoY, Driven by AMD Instinct GPU and 4th Gen AMD EPYC CPU Sales
Portfolio Pulse from Benzinga Newsdesk
AMD reported a record revenue of $2.8 billion in its data center segment, marking a 115% year-over-year increase. This growth was driven by strong sales of AMD Instinct GPUs and 4th Gen AMD EPYC CPUs.
July 30, 2024 | 8:19 pm
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AMD's data center segment achieved record revenue of $2.8 billion, a 115% increase year-over-year, driven by strong sales of AMD Instinct GPUs and 4th Gen AMD EPYC CPUs.
The significant year-over-year revenue growth in AMD's data center segment, driven by key product sales, is likely to positively impact AMD's stock price in the short term.
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