The boost added to a strong rally for shareholders, who've seen their stock gain 80% so far in 2018.
Investors started pushing shares higher last month in anticipation of strong quarterly results from the chip giant. AMD didn't disappoint. Sales spiked 53%, the company revealed late in the month, thanks to growth across its gaming, computing, and data center business lines.
Gross profit margin rose to 37% of sales from 34%, in what CEO Lisa Su called an "outstanding" quarter. "We are on an excellent trajectory to drive market share gains and profitable growth," Su said.
AMD expects sales growth to slow to just 7% in the fiscal third quarter while profitability continues improving. Revenue gains will be driven by its new Ryzen and EPYC franchises, which should more than make up for declines of high-powered graphics products due to a pullback in the blockchain market.