AMD revenues fall 18% to $5.36B as PC market recovers and AI rises (archive.is)

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cross-posted from: https://lemmy.ca/post/2431489

Advanced Micro Devices reported that revenue in its second quarter was $5.36 billion, down 18% from a year earlier as the client PC market continues to climb back during the economic downturn. But investors took the report as good news, as AI-related stocks such as AMD, which makes the processors and graphics processing units (GPUs) used in AI machines, are riding on high demand for AI.

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this post was submitted on 01 Aug 2023

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