Earnings Results: AMD stock rises 3% after earnings beat, CEO predicts ‘multiple winners’ in AI race


Share post:

Advanced Micro Devices Inc. shares surged in the extended session Tuesday after the chip maker’s results topped Wall Street estimates, and the company’s chief executive said there will be “multiple winners” in the AI arms race.

AMD AMD shares rose 2.7% after hours, following a 2.9% gain to close the regular session at $117.66. AMD’s earnings follow those from Intel Corp. INTC last week, when the chip maker reported a data-center beat, and strong PC sales.


Source link

Alexandra Williams
Alexandra Williams
Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

Recent posts

Related articles