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Benzinga
Benzinga
Business
Priya Nigam

5 AMD Analysts Weigh In On Blowout Q1 Earnings: Why 2 Reduced Price Targets

Advanced Micro Devices, Inc. (NASDAQ:AMD) reported first-quarter earnings after the bell on Tuesday.

The chipmaker posted sales growth of 71% and year-over-year earnings growth of 117%.. The company raised its revenue guidance for the full year to about $26.3 billion, up about 60% from 2021, driven by the addition of Xilinx and higher server and semi-custom revenue.

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