AMD expects fourth-quarter revenue of $17 billion, and its stock price rose 7% in after-hours trading.

AMD expects fourth-quarter revenue of $17 billion, exceeding analysts' expectations of $16.3 billion. AMD CFO Jean Hu stated that the fourth-quarter outlook reflects accelerated revenue and profit growth, driven by strong demand for its data center product portfolio. Following the earnings release, AMD's stock price rose 7% in after-hours trading.