"When Advanced Micro Devices reported Q3 earnings on Nov. 4, it beat on the top and bottom lines. AMD reported EPS of $1.20, beating analysts' expectations of $1.16, and revenue of $9.25 billion, beating expectations of $8.75 billion. Data center revenue reached a record $4.3 billion, a 22% year-over-year increase. Client revenue and gaming revenue were $2.9 billion and $1.3 billion - good for year-over-year increases of 46% and 181%, respectively."
"According to PC Gamer, "The AMD Ryzen 7 7800X3D is simply the best gaming GPU around right now. It's certainly the best gaming chip that AMD has ever made, but it's also capable of outperforming Intel's top CPU when it comes to gaming frame rates and is doing so for a lot less cash. It's also a lot less power-thirsty, too.""
"After 50 years of playing second best to rival Intel (NASDAQ:INTC), Advanced Micro Devicessurpassed it, thanks to CEO Dr. Linda Su, who took the reins in 2014 with AMD able to unveil the Ryzen in 2017, which became a game changer. Based on a principle of multiple microscopic CPUs working in tandem, AMD's Ryzen CPU outperformed Intel's CPUs in speed and efficiency, and most importantly, cost only half as much."
AMD's stock fell 12.69% over the past month after a 4.27% decline the prior month, leaving a 66.67% year-to-date gain. Q3 results showed EPS of $1.20 versus $1.16 expected and revenue of $9.25 billion versus $8.75 billion expected. Data-center revenue reached a record $4.3 billion, up 22% year over year. Client revenue was $2.9 billion and gaming revenue $1.3 billion, increases of 46% and 181% respectively. Gaming-chip market share in Japan reached 45% with a 70% target. Ryzen architecture under CEO Dr. Linda Su drove performance, efficiency and major revenue gains.
Read at 24/7 Wall St.
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