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AMD shares up 7.9% amid CoreWeave strength and surge in server CPU shipments

The Motley Fool +1 · ·by G4L

AMD Advanced Micro Devices Inc
$553.02 +7.34%
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  1. 1AMD shares rose 7.9% as of 12:20 PM ET today.
  2. 2CoreWeave's third-quarter revenue reached $3.66 billion, exceeding analyst expectations.
  3. 3UBS reported that third-quarter server CPU shipments surged 31% year-over-year.

So what's the key point?

CoreWeave's revenue came in higher than experts expected and sales of server components also increased significantly. As a result, AMD's stock price rose 7.9%.

Source The Motley Fool +1 · View original ↗

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