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00:02Advanced micro devices beat Wall Street's third quarter earnings expectations as revenue jumped
00:0845% and data center sales nearly doubled, according to CNBC. The report sent shares up
00:158% in extended trading on Tuesday. AMD reported third quarter adjusted earnings of $2.09 per share
00:23on revenue of $13.38 billion, beating Wall Street expectations. Data centers accounted for 64%
00:31of AMD's total revenue, up from 47% a year earlier. CEO Lisa Su expects server revenue to double in
00:392027 as demand for artificial intelligence accelerates. AMD also forecast fourth quarter
00:46revenue of about $17 billion, above analysts' expectations of $16.2 billion. Meanwhile,
00:54its PC and gaming business reported an 8% revenue decline, with gaming sales falling 40%.
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