AMD shares jump as AI-driven data-center strength fuels growth outlook

Economic Times Techen

AMD shares jump as AI-driven data-center strength fuels growth outlook

AMD, which recently joined the ranks of trillion-dollar companies, has gained about 126% this year and is poised to add about $58 billion in market value if premarket gains hold. The company's strong outlook highlighted growing momentum in its server processor business, signaling that spending on AI computing was extending beyond Nvidia's accelerators, which dominate the market.

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