AMD’s record quarter: Data center business doubles, while gaming craters
AMD reported third-quarter revenues on Tuesday with a record $13. 4 billion, an increase of 45 percent year over year, as data center business nearly doubled and the company’s gaming segment cratered. AMD CFO Jean Hu said, "We expect revenue to be approximately $17 billion, plus or minus 3%. The middle point of our guidance represents approximately 66% year-over-year revenue growth, primarily driven by the acceleration of our Data Center segment." AMD says its Q4 revenue projections are up another 27 percent from this quarter’s results…