AMD Crushes Q1 Earnings and it’s all due to Data Centers

#AMD absolutely CRUSHED Q1 Earnings. That’s why the stock is up 15% pre-market.

Q1 results:

Revenue: $10.3B (Beat estimates by $450M) 📈

EPS: $1.37 (Beat by 10 cents) 💰

Net Income: $1.38B (Nearly doubled YoY)

Free Cash Flow: $2.6B (Up 3x YoY)

The pivotal step $AMD has taken is:
Data Center: Up 57% YoY. It now accounts for 56% of total revenue. 🔥🔥🔥🔥

Key Growth Areas:

The Pivot: Gaming is slowing down, but AI-driven data center growth is moving the needle faster.

Overall, the market is rerating AMD. It’s moving from a cyclical gaming stock to a secular AI infrastructure play.

#AMD #NVIDIA #Marvell #Broadcom #DataCenters #GPU #TPU #Semiconductors #LisaSu #GoreReport