Financial PerformanceAMD reported 3Q24 revenue of $6.82 billion, above Consensus of $6.71 billion, driven by higher sales into the PC and data center end markets.
Market ExpansionAMD's acquisition of ZT Systems for $4.9 billion, including shares and cash, signals a strategic expansion into new markets.
Product DemandAMD's PC CPU market share increased by about 5% points YoY, driven by strong demand for its Zen 5 (Ryzen 9000s) processors.