Advanced Micro Devices (AMD) shares are rallying following the company’s second quarter earnings report, which beat expectations on both revenue and profit margins primarily due to strong AI chip sales. The chip company reported revenue of $5.8 billion, slightly above the estimated $5.7 billion, while adjusted earnings per share (EPS) came in at $0.69, edging past the projected $0.68 per share.
Yahoo Finance tech editor Dan Howley analyzes the earnings report, offering insights into AMD’s AI-related sales and the state of the PC market recovery.
For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.
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