Even if you’re not the most clued-on about business and economics, everyone knows the laws of supply and demand, and AMD (AMD) is playing it like a fiddle. The famed chip maker has seen its Q1 revenue surge by 71% to more than $5b for the first time. Its stock price was boosted by 8% after its earnings report beat out analyst expectations. The figures highlight that the company is still growing aggressively and shows no sign of slowing down off the back of $6.5b in sales for this quarter alone. One highlight for AMD is its high-end server chip business, which primarily competes with Intel (INTC). Some data points show that AMD has taken market share from its rival while it tries to get its manufacturing prowess back.
Demand has risen sharply in recent years for the types of chips that AMD's Enterprise, Embedded, and Semi-Custom segments offer because of the pandemic, changing work habits, and ongoing global chip shortage. These segments saw record revenues of $2.5b, beating analyst predictions. This represents a growth of 88% year-on-year.