NEW YORK — Advanced Micro Devices posted record revenue of $11.54 billion, driven by strong demand for its AI accelerators and data center products.
AMD operates across three segments: Data Center, Client and Gaming, and Embedded. The company, incorporated in 1969 and headquartered in Santa Clara, California, makes AI accelerators, microprocessors and graphics processing units available as standalone devices or integrated into accelerated processing units, chipsets and data center GPUs. Key product lines include AMD Ryzen processors, AMD Instinct accelerators and AMD EPYC server microprocessors.
AMD also offers embedded processors and semi-custom system-on-chip products. Its adaptive SoC lineup includes Zynq, Versal HBM, Versal Premium and Versal AI Core, supporting compute and network acceleration applications.
Analysts maintain a Strong Buy rating on AMD, reflecting confidence in its position within the expanding AI hardware market.
Valuation and execution risk remain the key investor concerns as AMD works through its product roadmap.
AMD shares closed at $482.93 Wednesday, up 1.82 percent, or $8.61, from the prior close. The stock fell $2.53 in pre-market trading Thursday.
The S&P 500 rose 0.3 percent Thursday to 7,749. The Nasdaq Composite gained 0.5 percent to 26,588, while the Dow Jones Industrial Average was little changed.
AMD's customers include original equipment and design manufacturers, public cloud providers and system integrators.
