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Strong server chip sales send AMD's stock higher, despite softness in PC market - SiliconANGLE

AMDs Q3 FY2022 revenue tops $5.565 billion; net income drops to $66 million.

The semiconductor company's Q3 report was weaker than expected, but there were some bright spots.

AMD announced revenue for the third quarter of 2022 of $5.6 billion, gross margin of 42%, operating loss of $64 million, net income of $66 million and diluted earnings per share of $0.04. On a non-GAA...

The Danish developer thinks the field programmable gate array technology it specializes in has had a bad rap and is out to set the record straight.

The PC business is struggling, but data center and embedded sales are still growing strongly.

Since the start of 2022, the S&P 500 Index has lost 19% of its value and saw a dip of as much as 25% in mid-October this year, reflecting a re-entry into the bear market that was last seen in mid-June...

In extended trading, AMD shares rose as much as 6% after the chipmaker indicated that its server chip business will grow in the coming quarters despite falling profits from the PC market.

AMD’s quarterly results show a sharp loss in overall operating income, but the company’s data center and embedded businesses look strong enough to help the company weather difficult economic conditions.

The semiconductor star has had a rough year. Could now be the time to invest?