Key facts: AMD Q3 revenues rise 35.6% to $9.25B; stock drops 13.9%; Alibaba to buy 50,000 MI308 chips
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Advanced Micro Devices (AMD) posted Q3 revenues of $9.25 billion, up 35.6% year-on-year, exceeding forecasts. Despite this, AMD's stock fell 13.9% to $215.25.1Alibaba plans to buy 50,000 of AMD's MI308 chips, a modified version of the MI300, advancing the launch of AMD's AI accelerator chips in China.2
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