Advanced Micro Devices reported third-quarter earnings Tuesday, aligning with forecasts and beating revenue expectations. AMD’s data center revenue, buoyed by its GPUs for AI, more than doubled year-over-year. AMD also highlighted robust demand for its new AI chip, predicting $5 billion in AI chip sales this year. Gaming and embedded segments fell, with gaming revenue dropping year-over-year due to reduced custom chip demand. Shares fell 7% on Tuesday in after-hours trading.