AMD Data Center Revenue Nearly Doubles in Q3
As seen on the 24/7 Wall St. homepage on November 3, 2026.
So it's really just Intel that's incompetent
A 45% revenue jump and near-doubled data center sales just answered the AI-overspending selloff that hit the stock days earlier. The thread's real lesson is in the trader who sold minutes before close: timing an earnings move is how gains get donated.
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AMD's third-quarter results came in ahead of expectations, with data center revenue nearly doubling on AI chip demand. CEO Lisa Su said the company can meet accelerating demand, answering the overspending fears that drove the pre-earnings sell-off. Traders now have evidence the AI buildout is still paying off.
The sell-off had been driven by industrywide fears that customers were overspending on AI infrastructure, a worry the results appear to have put to rest for now.
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The stock had pulled back sharply ahead of earnings on those same macro fears, and the data center numbers gave the recovery a concrete foundation.
The top comment on the r/wallstreetbets thread read simply: 'So it's really just Intel that's incompetent.' Traders drew a sharp line between AMD's execution and what they see as Intel's struggles.