Today's video focuses on Advanced Micro Devices' (AMD 1.33%) recent earnings reported on Oct. 26, after the market closed. Here are some highlights from the video. 

  1. AMD reported record revenue of $4.3 billion, up 54% year over year (YoY) and 12% quarter over quarter (QoQ). The strength in growth is thanks to the strong demand for AMD's products overall. The computing and graphics segments saw a 44% YoY growth and 7% QoQ growth due to higher sales of its processors. The enterprise, embedded, and semi-custom segment saw a 69% YoY growth and a 20% QoQ growth due to its sixth straight quarter of record server processor sales.
  2. During the earnings call, CEO Lisa Su made three interesting remarks. One, AMD's data center GPU market is growing at solid levels, but it is still a small portion of revenue compared to the rest of its business. Two, server processor sales in China have not seen a slowdown, which is a different tone from what's being shared by AMD's competitors. Three, Milan, AMD's third-generation data center processor, is seeing more substantial adoption than previous generations. 

Click the video below for my full thoughts and analysis. 

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