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Advanced Micro Devices, Inc. to Report Second Quarter Earnings on Tuesday

Advanced Micro Devices, Inc. will report its second quarter earnings after the market close on Tuesday. Analysts expect the company to report revenue of $11.3 billion, a 47% increase year-over-year, and earnings per share of $1.62. The company's growth is primarily driven by its data center business, which is expected to see over 100% growth as demand for artificial intelligence infrastructure increases. CEO Lisa Su noted that the company's new Helios rackscale platform is designed to compete directly with Nvidia's systems, offering 15% better compute performance and 30% more tokens per dollar. While the broader chip sector has experienced some choppiness, AMD has seen significant growth over the last 12 months, with its stock price climbing 194%. Despite a downturn in the PC industry due to rising memory prices, AMD remains a major force in the AI industry through strategic partnerships with companies like Anthropic and OpenAI.

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