Advanced Micro Devices Inc (NASDAQ:AMD) shares are moving lower on Wednesday after the company reported mixed results for the second quarter.
What To Know: AMD reported revenue of $7.69 billion for the second quarter, beating estimates of $7.41 billion, but adjusted earnings per share of 48 cents fell short of estimates by one cent.
Revenue increased 32% on a year-over-year basis as data center revenue grew 14% and client and gaming revenue jumped 69%. AMD said revenue in its embedded segment was down 4% year-over-year. …