AMD Stock Surges on Strong Earnings and Outlook, Driven by 'AI Momentum'

1. AMD's Q1 earnings exceeded estimates, boosting shares in after-hours trading. 2. Revenue rose 36% year-over-year to $7.44 billion, driven by data center sales. 3. Data center sales surged 57% to $3.67 billion, above expectations. 4. AMD projects Q2 revenue between $7.1 billion and $7.7 billion. 5. Company warns of $800 million charges from sales restrictions to China.