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AMD's 4Q Profit Surges on Rising Demand for AI Chips
AMD reported a Q4 profit of US$667 million, 41 cents per share, exceeding analysts' expectations of 25 cents per share.
Increased demand for artificial intelligence contributed to a 10% rise in revenue to $6.17 billion, surpassing the expected US$6.13 billion.
AMD's data center segment revenue surged by 38%, propelled by graphics computing chips, while the client segment showed a robust 62% increase.
Adjusted per-share earnings at 77 cents met analysts' expectations, reflecting a strong financial performance.
AMD anticipates Q1 revenue of US$5.4 billion, with a flat data center segment and expected declines in client, embedded, and gaming sales.
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