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Revenue: US$6.82b (up 18% from 3Q 2023). Net income: US$771.0m (up 158% from 3Q 2023). Profit margin: 11% (up from 5.2% in 3Q 2023). The increase in margin was driven by higher revenue.
Advanced Micro Devices shares are trading lower by 14% since Wednesday's open. The company reported Q3 results late Tuesday.
Advanced Micro Devices reported a sharp rise in quarterly sales driven by soaring demand for its AI chips and other products ...