Advanced Micro Devices (NASDAQ:AMD) reported Q2 2021 earnings after hours on Tuesday, July 27. In today's video I look at fundamentals and recent earnings for AMD, and below I share a few highlights from the video. AMD reported 99% year-over-year (YOY) growth in revenue driven by 65% YOY growth in its computing and graphics segment and 183% YOY in its enterprise, embedded, and semi-custom segment for Q2 2021. It also increased its guidance and now expects 60% YOY growth for the entire year of 2021. AMD reported that this is its fifth straight quarter of record server processor revenue due to the strong demand for its Epyc processor. Investors could interpret this as a bullish note, as Intel (NASDAQ:INTC) reported a decline in its data center group last week. Graphics card demand is still high. Some investors were worried that the overall crackdown on cryptocurrency mining in China would cause a slowdown in graphics card revenue. *Stock prices used were the closed prices of July 27, 2021. The video was published on July 27, 2021. 10 stocks we like better than Advanced Micro DevicesWhen our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Advanced Micro Devices wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 7, 2021 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Jose Najarro owns shares of Advanced Micro Devices and Alphabet (C shares). The Motley Fool owns shares of and recommends Advanced Micro Devices, Alphabet (A shares), and Alphabet (C shares). The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel and short January 2023 $57.50 puts on Intel. The Motley Fool has a disclosure policy. Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.Source