Advanced Micro Devices (NASDAQ:AMD) reported Q2 2021 earnings after hours on Tuesday, July 27. In today's video I look at fundamentals and recent earnings for AMD, and below I share a few highlights from the video. 

  1. AMD reported 99% year-over-year (YOY) growth in revenue driven by 65% YOY growth in its computing and graphics segment and 183% YOY in its enterprise, embedded, and semi-custom segment for Q2 2021. It also increased its guidance and now expects 60% YOY growth for the entire year of 2021. 
  2. AMD reported that this is its fifth straight quarter of record server processor revenue due to the strong demand for its Epyc processor. Investors could interpret this as a bullish note, as Intel (NASDAQ:INTC) reported a decline in its data center group last week.
  3. Graphics card demand is still high. Some investors were worried that the overall crackdown on cryptocurrency mining in China would cause a slowdown in graphics card revenue.

*Stock prices used were the closed prices of July 27, 2021. The video was published on July 27, 2021.

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