Get the latest tech news
AMD’s Q4 revenue hits $7.66B, up 24% but stock falls
Advanced Micro Devices reported revenue of $7.658 billion for the fourth quarter, up 24% from a year ago.
For 2024, data center segment revenue was a record $12.6 billion, an increase of 94% compared to the prior year, driven by growth in both AMD Instinct and Epyc processors. Looking into 2025, we see clear opportunities for continued growth based on the strength of our product portfolio and growing demand for high-performance and adaptive computing.” “We closed 2024 with a strong fourth quarter, delivering record revenue up 24% year-over-year, and accelerated earnings expansion while investing aggressively in AI and innovation to position us for long-term growth and value creation,” said AMD CFO Jean Hu, in a statement.
Or read this on Venture Beat