AMD reports record revenue but Q4 forecast disappoints

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Advanced Micro Devices reported record revenue of $6.8 billion for the third fiscal quarter, up 18% from a year ago. But the shares fell due to a disappointing forecast for the fourth quarter.

AMD saw record data center segment revenue of $3.5 billion in the quarter, up 122% from a year ago. It was driven by record Epyc CPU and Instinct GPU revenues.

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