Economy / Markets
AMD's data-center sales nearly double and the outlook jumps to $17 billion
AMD reported third-quarter revenue of $13.4 billion, up 45% from a year earlier and above the top of its own guidance, with data-center sales of $8.5 billion nearly double the year-earlier figure. Non-GAAP earnings per share were $2.09. The chipmaker guided the fourth quarter to about $17 billion, implying 66% growth, as it ramps Helios rack systems and its Venice server processors. Gaming revenue fell 40% to $773 million.