Yahoo Finance’s Daniel Howley joins the Live show to discuss quarterly earnings for AMD, the drop in PC sales and shipments, and the outlook for AMD.
We break down the latest earnings release from chip maker AMD.
Shares of Advanced Micro Devices (NASDAQ: AMD) jumped on Wednesday after the chipmaker's financial results helped assuage investors' fears of a worsening tech downturn. Strength in the semiconductor-leader's data center and embedded divisions more than offset weakness in its client and gaming segments. AMD's data center revenue soared 42% to $1.7 billion, driven by the continued growth of the cloud computing market and strong sales of its highly regarded EPYC server processors.