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00:03Advanced Micro Devices shares climbed in after hours trading on Tuesday.
00:07After the company unveiled new long-term financial targets at its first analyst day in three years,
00:12AMD projected revenue growth above 35% annually over the next three to five years,
00:17led by its AI data center business, expected to grow at a compound annual rate of more than 80% a year.
00:23The chipmaker forecast non-GAP operating margins above 35% and adjusted annual earnings exceeding $20 per share.
00:32CEO Lisa Su said the company is entering a new era of growth,
00:36driven by AI momentum, strong partnerships, and its broad technology portfolio.
00:41Shares closed Tuesday, down 2.65% at $237.52.
00:47For all things money, visit Benzinga.com.
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