- The company earned $0.20 per share, beating estimates by $0.04 per share.
- Revenue was $2.84 billion, far higher than the consensus estimate of $2.7 billion.
- The average selling price (ASP) rose 5% while volumes rose 6%.
Wall Street is on track to smash closing records on Thursday as a broad rally among stocks resumes.
Bank of America upgraded shares of the chipmaker to 'buy' from 'underperform on Thursday due to its opportunity compared to rivals Intel and Nvidia. Meanwhile, AMD's chart looks good, too.
U.S. stocks turn higher in uneven trade as the Dow Jones Industrial Average and S&P 500 attempt to set new records with just small gains.