🟢 Advanced Micro Devices is trading 7.3% up in pre-market after forecasting Q4 revenue above expectations

Advanced Micro Devices is trading at $519.19 (+7.29%) in pre-market on November 4 after record Q3 results and a Q4 revenue forecast above expectations.

• Q3 revenue reached $13.4 billion, up 45% year over year; adjusted EPS was $2.09, above analyst estimates.
• Data Center revenue rose 97% to $8.5 billion. The company forecast Q4 revenue of approximately $17 billion.
• Shares closed November 3 at $483.90; the earnings release cited stronger Data Center demand.