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AMD’s third quarter financial results show growth, but it’ll be AI that determines its future trajectory


AMD has released its third quarter financial results. Although the company saw year-on-year growth in revenue, gross profit and earnings per share, the results were not viewed favorably by Wall Street, with AMD shares falling by nearly 5% before recovering later in the trading day. Revenue was up by 4% to $5.8 billion year-on-year, while gross profits rose by 17% to $2.75 billion. The four major Data Center, Client, Gaming and Embedded segments saw a mix of results. 

Data Center segment revenue was flat year-on-year, with growth in EPYC sales offset by a fall in SoC sales. However AMD has big hopes for its next-gen MI300A and MI300X compute GPUs with deployments scheduled for HPC, cloud and AI customers.

Originally posted by www.pcgamer.com

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