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According to Reuters, AMD reported net earnings of $ 116 million or 11 cents per share in the second quarter of the year, ending June 30, compared with a loss of $ 42 million or 4 cents per share in the same period last year. The company's revenues increased 53% to $ 1.76 billion over the three-month period, exceeding estimates by $ 1.72 billion. These figures have led to a 5% increase in the share of companies in expanded operations, which has occurred in recent years. For example, AMD has announced that its shares have doubled in the past two years, due to continued demand for graphics chips used in computers, video game consoles and other applications.
AMD also recorded positive results in graphics and computers. Sales grew 64% to $ 1.09 billion, primarily due to Ryzen desktop processors and Radeon graphics. The division also recorded a 3% drop in quarterly earnings, the company arguing that this is due to lower GPU revenues in the blockchain market. On the server side, AMD also made progress in terms of EPYC server processors, which gained market share as part of the stabilization of the PC market
SOURCE: smarnews.ro
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