Advanced Micro Devices, Inc. (NASDAQ:AMD) ended its fiscal year 2024 with a strong performance, posting 14% top-line growth. The company’s sales surged in the Data Center and Client segments, driven by increased spending from hyperscalers on compute capacity. Despite declines in Gaming and Embedded sales, AMD remains well-positioned for long-term durability in CPU and GPU markets.
The robust financial outlook is attributed to growing demand for AI applications in production environments, further bolstering AMD’s position in the Data Center segment. Looking ahead, strong support from hyperscalers’ capital outlays for CY25 will likely drive sustained growth in CPU and GPU sales.
Analysts remain optimistic about AMD’s prospects, with many holding beneficial long positions in the company’s shares. However, it is essential to note that past performance does not guarantee future results, and investors should exercise caution when making investment decisions.
Source: https://seekingalpha.com/article/4756733-amd-has-yet-to-hit-its-peak-growth-trajectory