AMD shares jump 8% as data-center revenue nearly doubles

· Finance · United States

AMD reported better-than-expected third-quarter results, driven by booming sales of AI chips, and its stock jumped 8% on the news. Data-center revenue nearly doubled, underscoring how demand for artificial-intelligence computing is lifting chipmakers beyond the market leader. The results give investors a fresh read on the pace of AI infrastructure spending and on AMD's ability to take share in the data-center processor market. The immediate effect is a sharp share-price gain and a signal that AI chip demand remains strong, even as questions swirl around how the build-out is being financed and whether spending can keep accelerating.

Why it matters：AMD's data-center results are a key read on AI chip demand and on competitive share shifts in the processor market that underpins the whole AI trade.

Key points

  • Third-quarter results beat expectations.
  • Data-center revenue nearly doubled.
  • Shares rose 8% on the results.

Sources (original reporting)

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