Advanced Micro Devices, Inc. posted record Q2 results, with revenue up 50% YoY to $11.54B, driven by data center strength. Management doubled CPU TAM expectations to $220B by 2030, projecting a 50% CAGR, but AMD's gross margins lag behind Nvidia's and Broadcom's. Despite robust EPS growth forecasts (58.3% CAGR through 2028), AMD trades at a premium P/E of 72x, above peers and historical averages.
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