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AMD’s stock soars 20% as data center growth pushes revenue and guidance past estimates

Advanced Micro Devices reported first-quarter earnings Tuesday that topped expectations, while the company’s revenue forecast also exceeded estimates as demand soars for chips to power artificial intelligence workloads. The stock ripped 20% higher in premarket trading on Wednesday. Here’s how the chipmaker did versus LSEG consensus estimates for the quarter ended in March: EPS: $1.37 vs. $1.29 …

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