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00:02AMD beat second quarter earnings expectations, but its stock fell in extended trading after
00:07gaining during the regular session. The semiconductor company reported adjusted
00:12earnings of 1.66 per share on revenue of $11.54 billion, beating expectations of 1.62 per share
00:19and $11.28 billion. Revenue rose 50% year over year from $7.69 billion a year ago,
00:27reflecting its central role in the artificial intelligence chip market.
00:31Data center revenue surged 107% year over year to $6.7 billion, driven by central and graphics
00:38processing unit sales. AMD raised its 2028 semiconductor market forecast to $2 trillion
00:43annually, including $1.4 trillion from AI accelerators, up from its previous $500 billion estimate.
00:50Shares have nearly tripled over the past year on optimism about its instinct AI chips and
00:55renewed demand for its EPX processors. For all things money, visit Benzinga.com.
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