AMD incurs $1.1 billion in warrant-related costs amid record data center revenue growth
META Meta Platforms Inc
$641.66 +0.05%
View chart & analysis → - 1AMD exceeded Wall Street expectations by recording a record $8.5 billion in data center revenue.
- 2AMD incurred $1.1 billion in costs related to Penny warrants, with a cost of $0.66 per share.
- 3CEO Lisa Su projected that revenue will grow by more than 80% by 2027.
So what's the key point?
What is the main point? AMD earned more than experts expected by hitting record revenue in its data center business. However, $1.1 billion was spent on promised warrant rights, resulting in a cost of $0.66 per share.
Source Yahoo Finance +1 · View original ↗
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