“`html
Key Facts About AMD’s Growth
Advanced Micro Devices (NASDAQ: AMD) reported a 36% year-over-year revenue surge in Q3, primarily driven by strong demand for data center chips, including its fifth-generation Epyc processors and Instinct MI350 AI GPUs. CEO Lisa Su noted this performance marks a significant step in the company’s growth trajectory.
Analysts project AMD’s revenue will grow at an annualized rate of 30%, potentially reaching $96 billion by 2029. The company’s free cash flow is expected to triple year-over-year and reach nearly $31 billion by that same year. Recently, AMD secured a major deal with OpenAI for data center GPUs, acting as a catalyst for future growth.
“`
