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AMD Shares Rise 16% As AI Hardware Growth Accelerates
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AMD Shares Rise 16% As AI Hardware Growth Accelerates

The Information·Amir Efrati·6 months ago
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AI server chip maker Advanced Micro Devices said Tuesday that its revenue growth would accelerate eight percentage points to 46% in the current quarter, after rising 38% to $10.3 billion in the first quarter. Shares rose 16% in after-hours trading. Sales of AMD’s AI graphics processing units are boosting its growth as cloud providers and developers such as Meta and Microsoft agree to purchase