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AMD shares jump on record growth in data center revenue

Reuters 

By Shariq Khan and Vibhuti Sharma(Reuters) - Chipmaker Advanced Micro Devices Inc on Tuesday reported record quarterly growth in data center sales and projected revenue growth in fiscal 2019 above Wall Street expectations, sending its shares up 10 percent after the bell.Investors were bracing for weak results from AMD after warnings from a host of other chipmakers about a slowdown in China that was triggered by a trade dispute with the United States.Shares of Nvidia Corp and Micron Technology Inc also rose nearly 2 percent in after-hours trading while Intel Corp was up marginally.Bigger ...

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First Published: Wed, January 30 2019. 05:26 IST
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