Google parent Alphabet Inc. headed toward a couple of elusive marks Tuesday evening, after disclosing earnings and plans for a stock split: A $3,000 share price and $2 trillion market cap. Read More...
Reuters
AMD charts stronger 2022 as data-center revenue booms; shares surge
(Reuters) -Advanced Micro Devices Inc forecast 2022 revenue above expectations on Tuesday, driving its shares up as much as 11% in after-hours trading, as stellar demand for its chips used in data center servers is expected to continue to drive growth. “Relative to the growth from the different businesses, the growth will be led by server,” Chief Executive Officer Lisa Su told analysts on a conference call, adding that the server business would be “very strong” this year. The chip designer posted record fourth-quarter revenue, surpassing estimates, as it sold more chips priced at the higher end.
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