Advanced Micro Devices (AMD) reported a 97% third-quarter rise in data-center revenue as Fortune reported investor Sam Sugarman had suggested AMD Chair and CEO Lisa Su as a possible successor to Nvidia CEO Jensen Huang.
AMD’s Data Center business generated $8.5 billion, up 97% from a year earlier. Total revenue reached $13.4 billion, 45% above the year-earlier period. For the fourth quarter, AMD projected revenue near $17 billion, with a 3% margin on either side, citing demand across its Data Center portfolio.
Yahoo Finance named Su its 2026 CEO of the Year on Nov. 12, the date Nvidia announced Huang was leaving his posts as president, CEO and director, effective immediately. Colette Kress, Nvidia’s chief financial officer, took over temporarily while retaining that role. Nvidia said its board would consider executives already at the company and candidates from outside it for the permanent position. Our earlier coverage of Yahoo Finance’s award to Su detailed the recognition.
Fortune attributed the succession idea to Sugarman and did not report that Nvidia had contacted Su. Nvidia’s announcement named no possible successors, so Su’s possible candidacy remains speculation.
AMD said Meta had installed its first Helios rack-scale systems and was testing them. Meta uses AMD EPYC chips to supply computing power for its Muse AI agent, while Instinct GPUs are in production there. AMD also agreed to buy AI research company World Labs in an all-stock deal valued at about $8.2 billion. The company expects the transaction to close before 2027, subject to regulatory approval and remaining deal requirements.
AMD’s 2025 annual filing lists Nvidia as a competitor in data-center CPUs, GPUs, data processing units (DPUs) and AI networking. It says performance, total cost of ownership, timing, reliability, software compatibility and availability factor into competition. Nvidia is scheduled to report fiscal third-quarter results Tuesday, Nov. 17, at 4:20 p.m. ET (21:20 UTC), with an earnings call at 5 p.m. ET (22:00 UTC).
