AMD reports strong earnings

Why is AMD earnings important to this board? Well there outstanding growth is mainly being attributed to the demand coming from data centers. Data center growth is coming from the buildout of the cloud. So it seems just another strong indicator that the growth in cloud services is still humming along.

Chipmaker AMD Beats First-Quarter Targets On Strong Data Center Business
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PATRICK SEITZ04:25 PM ET 05/03/2022
Chipmaker Advanced Micro Devices (AMD) late Tuesday beat analyst estimates for the first quarter thanks to strong sales of server chips for data centers. AMD stock jumped in extended trading.

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The Santa Clara, Calif.-based company earned an adjusted $1.13 a share on sales of $5.89 billion in the March quarter. Analysts polled by FactSet expected AMD earnings of 91 cents a share on sales of $5.01 billion. In the year-earlier period, AMD earned 52 cents a share on sales of $3.445 billion.