AMD Record Growth Driven by Data Center

Semiconductor designer Advanced Micro Devices (NASDAQ:AMD) reported fourth-quarter and full-year 2024 earnings on Tuesday, Feb. 4, that beat analysts consensus estimates. The results highlight a robust quarter, showcasing record revenue growth of 24.2% year over year, thanks largely to its Data Center and Client segments. With adjusted earnings per share (EPS) at $1.09 against analyst predictions of $1.08, AMD demonstrated its ability to outperform market expectations. Analysts had anticipated quarterly revenue of $7.53 billion, but actual revenue reached $7.66 billion, indicating a strong finish to 2024.Source: AMD. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year.AMD operates at the forefront of semiconductor technology, developing an array of products for Data Centers, Client, Gaming, and Embedded markets. Known for its EPYC processors and Radeon graphics, AMD's recent focus has been on expanding offerings in artificial intelligence (AI) and high-performance computing. Revenue is driven by both consumer and enterprise demand, with innovation, product diversity, and sector-specific strategies being pivotal success factors. Through strategic acquisitions and partnerships, AMD continually enhances its capabilities in AI and other emerging technology areas.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool