Yaskawa Electric Shares Slide as Weak Profit Overshadows Strong AI Demand 
Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX 
Trump Administration Launches AI Cybersecurity Partnership to Protect Critical Infrastructure 
SK Hynix Shares Drop After Strong Nasdaq Debut Despite $26 Billion ADR Listing 
Muji Owner Ryohin Keikaku Stock Soars After Raising Full-Year Earnings Forecast 
DeepSeek Eyes China IPO as AI Startup Seeks $71 Billion Valuation in New Funding Round 
SK Hynix’s $28 Billion U.S. Share Sale Draws Massive Demand Amid AI Chip Boom 
Paramount-Warner Bros. Discovery Merger Faces Lawsuit From 12 States 
Apple Sues OpenAI, Former Employees Over Alleged Trade Secret Theft 
ASML Raises 2026 Outlook as AI Chip Demand Lifts Q2 Earnings 
Zhipu AI Raises HK$31.37 Billion in Discounted Share Sale to Accelerate AI Growth 
OpenAI Executive Fidji Simo to Step Down Amid Health Challenges Ahead of IPO 
Nvidia Tightens AI Chip Sales in Asia With Stricter Customer Approval Process 
Rio Tinto Reports Strong Q2 Iron Ore Sales, Maintains 2026 Production Outlook 
Genesis Minerals to Acquire Vault in A$5.6 Billion Deal After Regis Withdraws 
Samsung to Launch First Yongin Chip Plant by 2029 as South Korea Speeds Up Semiconductor Hub 
Mastercard Explores Sale of Majority Stake in UK Payments Firm Vocalink: Report 
Advanced Micro Devices Inc. (NASDAQ: AMD) delivered stronger-than-expected third-quarter results and an upbeat outlook for the fourth quarter, highlighting the growing momentum of its artificial intelligence-driven data center business despite U.S. trade restrictions with China.
For Q3, AMD reported adjusted earnings per share (EPS) of $1.20 on revenue of $9.25 billion, surpassing analyst estimates of $1.17 EPS and $8.74 billion in revenue, according to Investing.com. The company’s data center segment was the standout performer, posting a 22% year-over-year increase to $4.34 billion. This growth was fueled by surging demand for its 5th Gen AMD EPYC processors and AMD Instinct MI350 Series GPUs, beating Wall Street expectations of $4.13 billion.
AMD noted that the data center revenue did not include any sales from the newly restricted Instinct MI308 GPU shipments to China, which were impacted by recent U.S. export controls on advanced chip technologies.
The company’s client and gaming businesses also performed strongly, with revenue climbing 73% year-over-year to $4 billion, reflecting robust consumer demand and a recovery in PC and gaming markets.
Looking ahead, AMD expects fourth-quarter revenue to reach approximately $9.6 billion, plus or minus $300 million—representing about 25% year-over-year growth and topping market forecasts of $8.75 billion. The company projects an adjusted gross margin of 54.5% for the quarter.
AMD described its Q4 guidance as “a clear step up” in its growth trajectory, driven by expanding compute capabilities and accelerating demand in its data center AI division. Despite a slight dip of over 1% in after-hours trading, AMD’s continued success in high-performance computing and AI chips underscores its strengthening position in the global semiconductor market.
