Advanced Micro Devices, Inc. (NASDAQ:AMD) shares were on a tear in premarket trading Wednesday after the chipmaker reported second-quarter results that exceeded expectations and guided running quarter’s revenue above consensus.
The quarterly results were underpinned by a surge in data center revenue that rose to a record. The business raked in $2.8 billion in sales, marking a 115% year-over-year increase and 21% sequential growth. AMD’s CEO Lisa Su said, “Our AI business continued accelerating and …