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Is Advanced Micro Devices Inc. (AMD) a good stock to buy?       

One of the most crucial parts in a recent report from chip manufacturer Advanced Micro Devices Inc. (NASDAQ: AMD) was data center processor sales. AMD has a high growth rate in this market, which is encouraging for long-term investors.

AMD released its quarterly results after the close of trade on Tuesday, August 2. The company’s revenue increased by 70% year on year to $6.55 billion. The purchase of the network device semiconductor company Xilinx’s business was crucial. This, among other things, resulted in an 83 percent rise in data center solution sales for AMD year on year.

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However, AMD is also selling its EPYC server chips well, generating $1.49 billion in sales last quarter.

AMD is actively upgrading its structure as well as the relevant reporting. A distinct section of solutions for data centers will emerge. Previously, data center chips were classified as general business solutions.

As a result, AMD’s reports will soon show the strong positive dynamics of the data center industry, which may pique the interest of a wide variety of investors. AMD’s data center sector operating margins are strong (over 30%), implying that rapid expansion in this segment has the potential to considerably boost the company’s profit margins.

Because of the purchase of Xilinx, margins improved by around 10%, resulting in adjusted EPS climbing at a robust double-digit rate (+67% in Q2 2022).

AMD is effectively growing its server CPU market share. This is owing to Intel’s declining market share, which recorded a 16 percent fall in data center sales in the most recent report.

Advanced Micro Devices Inc. (NASDAQ: AMD) shares are down -27.79 percent year to date (YTD) but are up 5.93 percent or $5.82 in the most recent trading session. The stock’s trailing 12-month performance, on the other hand, is roughly -12.51 percent lower.

The stock is down -15.36 percent over the last six months and up 4.52 percent over the last three months. When we look at the week’s performance, it is up 13.35 percent and 37.90 percent over the month.

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