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Data Center revenue growthTipRanks
•81% Informative
Advanced Micro Devices (NASDAQ: AMD ) underperformed in Q1 earnings, only meeting expectations.
Q1 revenues grew 2.2% year-over-year to $5.47 billion , roughly in line with consensus estimates.
Data Center revenue growth continued to impress, growing an impressive 80% .
AMD is showcasing impressive growth in its AI-driven Data Center revenues, which will flow into margins and profits.
AMD is trading at a high forward P/E multiple (47x), slightly higher than the AI prodigy Nvidia .
With its acquisitions, its total addressable market continues to grow, having increased to $300 billion currently from just under $80 billion in FY2020 .
AMD will likely follow in NVDA ’s footsteps in the next few years , as its AI growth story is just beginning.
VR Score
83
Informative language
82
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27
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formal
Language
English
Language complexity
42
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Attention-grabbing headline
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Known propaganda techniques
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Time-value
medium-lived
External references
9
Source diversity
2
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