AMD stock jumps 7% on earnings as data center revenue nearly doubles

Advanced Micro Devices reported third-quarter earnings on Tuesday that beat Wall Street's expectations, with revenue jump 45% and data center sales nearly doubling from a year earlier. The stock jumped 7% in extended trading. Here's how the chipmaker did versus LSEG consensus estimates for the quarter: Revenue increased from $9.25 billion a year earlier, AMD said in a statement . CEO Lisa Su said in a press release that she expects growth in data center processors to "accelerate further," and that meeting demand won't be a problem.