AMD Stock Pops on Earnings Beat as AI Chip Revenue Grows by "Significant Double-Digit Percentage"
The chipmaker's data center revenue surged 57% year over year, driven largely by continued strong demand for its AI chips that compete with industry leader Nvidia's chips.
Shares of Advanced Micro Devices (NASDAQ: AMD) rose 1.8% in Tuesday's after-hours trading, following the chipmaker's release of its first-quarter 2025 report.
The stock's gain is attributable to the first quarter's revenue and earnings, along with the second-quarter revenue guidance, all coming in higher than Wall Street had expected.
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