AMD posts record Q2 results with $6.7 billion in data center revenue, fueling a 155% year-to-date stock rally supported by sustained institutional buying and strong fundamental growth.
AMD reported record quarterly revenue, sharply higher data center revenue, and strong Q3 guidance, all driven by sustained AI demand.
Advanced Micro Devices reports record fiscal Q2 revenue of $11.5 billion, marking a 50% year-over-year increase driven by surging data center demand. With EPS rising 82% and Q3 revenue guidance reaching $13.3 billion, institutional investors continue to accumulate the stock as AI-driven growth accelerates.
AMD's growth is primarily fueled by intense demand for its semiconductors, accelerators, and graphics chips used in artificial intelligence applications, leading to record data center revenue.