AMD was riding high last year as customers purchased computers in droves and cryptocurrency miners scooped up every GPU they could get their hands on, but the business has crashed and burned this year. While it is making more money than before, due in part to increased sales in the data center and gaming sectors, its third-quarter earnings fell by 93 percent from the previous year.
AMD made $66 million in profits in the third quarter on around $5.6 billion in sales, according to its financial release. That’s not a very great statistic on its own, but it becomes worse when compared to its Q3 performance last year when earnings were $923 million on sales of $4.3 billion.
