AMD shares jump on earnings beat

stronger-than-expected full-year and second-quarter revenue, with the data centre boom boosting demand for its chips, and its shares rose in after-hours trade.

Worldwide spending on cloud infrastructure services jumped 34% to US$55.9-billion in the first quarter, according to data from research firm Canalys, highlighting huge opportunities for companies supplying chips and other hardware to the industry. Graphic card prices have been falling in recent weeks as demand for consumer products that use them have been softening with the lockdown in China and inflation concerns.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CMH reports profit and earnings jump despite parts shortage and new-car lull‘The period was a classic case of preparation meeting opportunity,’ says CEO Jebb McIntosh I'm really grateful for all the efforts you have render to me with my little investment of R10,000 and with joy over me after withdrawing R100,000 with your help Williamchurch07 thank you for everything you have done for me and my family Williamchurch07
Source: BDliveSA - 🏆 12. / 63 Read more »

‘I save 80% of my earnings’: Lady Du shares the big secret to her wealth‘I save 80% of my earnings’: Lady Du shares the big secret to her wealth 'Wise moves': Lady Du has been praised after she shared how she has managed to secure herself a posh home and paid off luxury cars. Sure. This is great advice when you can live off of 20% of your earnings. 99.9% of people can't. So what must happen? 🙄
Source: TheSAnews - 🏆 25. / 59 Read more »