Bullish
AMD stock jumps 6.3% to $545.09 after strong Q2 earnings and Microsoft deal
AMD's stock surged 6.3% to $545.09 following robust Q2 earnings, including a 107% year-over-year revenue growth in its Data Center segment. Additionally, Microsoft's announcement to utilize AMD's upcoming Helios rackscale AI platform for Azure workloads further bolstered investor confidence.
Key points
- AMD's Q2 earnings report shows a 107% year-over-year revenue growth in the Data Center segment.
- Microsoft plans to use AMD's Helios rackscale AI platform for Azure workloads.
- AMD's stock price reached $545.09, up 6.3% from the previous close.
Sources
AI-generated from public news sources. Not financial advice.
