AMD reported third-quarter 2024 earnings that exceeded Wall Street expectations, with an adjusted EPS of $1.20 and revenue of $9.25 billion. The company's data center revenue increased by 22% to $4.34 billion, fueled by strong demand for Instinct GPUs in AI infrastructure. Gaming revenue also saw a significant rise, jumping 181% to $1.30 billion. In addition to its financial performance, AMD announced strategic AI partnerships with companies like OpenAI and Oracle. These collaborations include plans to deploy 6 gigawatts of Instinct GPUs and enhance cloud services using 5th Gen EPYC processors, underscoring AMD's commitment to expanding its presence in the AI sector.