Global semiconductor giant Advanced Micro Devices, Inc. (AMD) delivered outstanding second-quarter results with significant growth in sales for all its products, despite the worldwide chip shortage. Shares were up 1.6% in pre-market trading at the time of writing. Earnings exploded 250% to $0.63 per share year-over-year and beat the Street’s estimate of $0.54 per share. Revenue climbed 99% to $3.85 billion compared to the year-ago period and surpassed analysts’ estimates of $3.62 billion. (See Advanced Micro Devices stock charts on TipRanks) AMD witnessed significant growth across all segments backed by robust sales for desktops, laptops, and processors.
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Advanced Micro Devices (NASDAQ:AMD)
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