AMD stock jumps 8% on earnings as data center revenue nearly doubles
CNBC
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AMD reported third-quarter earnings surpassing expectations with a 45% revenue increase and nearly doubling data center sales year-over-year. CEO Lisa Su anticipates further growth in data center processors, driven by demand for agentic AI applications. AMD's stock rose 7% following the earnings report amid a broader industry sell-off and challenges in the PC market.
