Advanced Micro Devices (AMD) is turning out to be a frontrunner in the semiconductor industry, as evidenced by its strong financial performance. The company’s products include graphics processing units (GPUs), semi-custom System-on-Chip (SOC) products and chipsets, x86 microprocessors (CPUs), and accelerated processing units that integrate microprocessors and graphics (APUs). AMD had a stellar third quarter, with the company’s revenues soaring 54% and its operating income doubling year-over-year. This was the company’s fifth straight quarter of revenue growth of more than 50%. The chip company posted revenues of $4.31 billion, surpassing the consensus estimate of $4.12 billion. Adjusted earnings came in at $0.
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Advanced Micro Devices (NASDAQ:AMD)
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