AMD Posts Record Quarter on Data Center Surge

AMD posted record quarterly revenue of $13.38 billion, up 45% from a year earlier, as demand for AI chips drove the company's data center division to 97% year-over-year growth, more than double the pace of the overall business. Shares of AMD ($AMD) rose in after-hours trading as the results beat Wall Street estimates for both revenue and profit. The gap between data center growth and total company growth shows how concentrated the AI boom has become within AMD's results.