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Alphabet and AMD Surge on Blockbuster AI and Cloud Growth

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • AMD and Alphabet reported blockbuster Q2 results driven by surging AI demand.
  • AMD's Data Center revenue jumped 107% behind Helios, while Alphabet's Cloud surged 82% with a $514 billion backlog and a compelling 14x forward P/E valuation compared to AMD's 65x multiple.
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AMD price history

516.13 +140.00% over the displayed period

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