AMD's Stunning Earnings, New AI Chips & DOE Supercomputers

AMDs Q3 earnings report shows a 36% revenue increase, with net income up 61%. The company unveiled new graphics processing units and the Helios rack system, with ZT Systems playing a crucial role. AMD sold its ZT manufacturing business to Sanmina, securing a main manufacturing partner for Helios. Looking ahead, AMD projects $9.6 billion in Q4 revenue, with potential earnings per share of $15-$18 by 2030. The U.S. Department of Energy partnered with AMD on a $1 billion initiative to build two supercomputers, Lux and Discovery, using AMDs advanced AI chips. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.