AMD stock soars as AI chip demand drives quarterly results

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Advanced Micro Devices (AMD) sent its stock soaring after flying past Wall Street estimates for the first quarter of the year, thanks to swelling AI infrastructure demand.

AMD shares rose 15 per cent after hours on Tuesday, after the Santa Clara-headquartered chipmaker reported $10.3bn revenue, up 38 per cent on the same period last year. https://www.cityam.com/amd-stock-soars-as-ai-chip-demand-drives-quarterly-results/">[...]

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AMD stock soars on AI