AMD: Why I'm Doubling Down
Portfolio Pulse from
AMD's Q3 2024 results show significant growth, with Data Center revenue reaching $3.5 billion, a 122% increase year-over-year, driven by AI demand. The Client segment also saw a 29% increase in revenue, thanks to Ryzen processors. Data Center operating income rose 240% to $1.041 billion.
November 08, 2024 | 3:45 pm
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AMD's Q3 2024 results are impressive, with Data Center revenue up 122% year-over-year to $3.5 billion, driven by AI demand. The Client segment also saw a 29% increase in revenue due to Ryzen processors. Data Center operating income increased by 240%, indicating strong profitability.
The significant year-over-year growth in both Data Center and Client segment revenues, along with a substantial increase in operating income, suggests strong demand and profitability for AMD's products. This is likely to positively impact AMD's stock price in the short term.
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