AMD's third-quarter revenue rose 45% year over year to $13.4 billion, and non-GAAP earnings per share of $2.09 increased 74%, both easily beating Wall Street expectations. Data center revenue nearly doubled to a record $8.5 billion, while client and gaming revenue fell 8% to $3.7 billion amid a 21% drop in PC industry shipments. AMD expects revenue to rise 66% year over year in the current quarter, and data center to make up 80% of its top line in 2027, up from 64% last quarter. The article illustrates that if earnings grow 20% in 2029 and 2030 from an estimated $23.20 per share in 2028, the stock could reach $1,002 at 30 times earnings, 93% above the current price, turning $1,000 into more than $1,900.
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