Advanced Micro Devices experienced a significant stock increase, gaining 12.19% in the last month. This follows a previously strong month where it rose by 24.45%, resulting in a total year-to-date gain of 46.02%. In Q2, AMD reported revenue of $7.69 billion, surpassing expectations but slightly missing the earnings per share target. The company holds a 45% market share in gaming chips in Japan and aims to increase this to 70%. The launch of the Ryzen CPU marked a turning point in AMD's competition with Intel, leading to substantial revenue growth and surpassing Intel in market cap in 2022.
Shares of Advanced Micro Devices (AMD) soared 12.19% last month after a 24.45% increase the month prior, resulting in a year-to-date gain of 46.02%.
AMD reported Q2 earnings of $7.69 billion in revenue, beating expectations but missed on EPS by one cent, posting a 48 cent earnings per share.
The company achieved a 45% market share in gaming chips in Japan and aims for 70%, with the Ryzen 7 7800X3D being highly praised for its gaming performance.
CEO Dr. Linda Su has driven AMD's transformation, leading to superior performance against Intel’s CPUs, and the company surpassed Intel in market cap in 2022.
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