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The Motley Fool fool.com 03 Aug, 2022 12:30 am

AMD's Data Center Revenue Soars 83% -- Is the Stock a Buy Now?

AMD's Data Center Revenue Soars 83% -- Is the Stock a Buy Now?
Second-quarter earnings were in line with AMD's expectations, which equated to massive growth.

Data center sales, in particular, were up 83% compared to last year.As cloud computing steadily increases in importance throughout the economy, data center upgrades are ramping up to keep pace.A separate enterprise unit now simply called "data center segment" was broken out from what used to be AMD's catch-all for business applications of its chips.But it's the data center side where things really skyrocketed.

Data center sales were up 83% to $1.49 billion, driven once again by AMD's EPYC processors for servers (a computing unit within a data center designated for a certain task).

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