Quarterly figures: AMD has another record quarter thanks to AI processors

Frankfurt. The rapidly growing demand for AI special processors is helping AMD achieve a surprisingly significant jump in sales and profits. “We achieved a record quarter in which sales exceeded our forecast,” said Lisa Su, the semiconductor manufacturer’s boss, on Tuesday. There is no end to this trend in sight. “We are confident that we will be able to maintain very strong sales growth and further increase our profitability in the coming years.”

Investors reacted to the numbers and the optimistic outlook by buying. AMD shares rose 7.5 percent in after-hours trading on Wall Street. In their slipstream, the securities of competitors Intel and Nvidia rose in price by around two percent each.

According to its own information, AMD increased sales in the third quarter by 45 percent to $13.38 billion. The chip business for data centers almost doubled to $8.55 billion. Adjusted earnings of $2.09 per share also exceeded market expectations.