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Advanced Micro Devices ( (AMD) ) has issued an update.
In its financial results for the fourth quarter and full year 2024, AMD reported record revenue and earnings growth, driven largely by its Data Center segment where revenue nearly doubled due to increased adoption of EPYC processors and Instinct accelerators. Despite a decline in gaming and embedded segment revenues, AMD’s overall performance was strong, with a 24% year-over-year increase in fourth-quarter revenue and transformative annual growth across its portfolio, particularly in high-performance and adaptive computing.
More about Advanced Micro Devices
Advanced Micro Devices (AMD) operates in the semiconductor industry, focusing on high-performance computing, graphics, and visualization technologies. The company is known for its EPYC processors, Ryzen processors, Instinct accelerators, and GPUs, with a significant market focus on data centers and client computing.
YTD Price Performance: -5.27%
Average Trading Volume: 36,194,965
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $185.4B
Learn more about AMD stock on TipRanks’ Stock Analysis page.