Is AMD expensive? Earnings News!Advanced Micro Devices, Inc.BATS:AMDTrading-CapitalAMD just posted a double beat and reporting a record amount of revenue. crossing the $9billion mark. The company expects revenue of about $9.6 billion for the next quarter, plus or minus $300 million, compared with analysts' average estimate of $9.15 billion. AMD last month said it would supply AI chips to OpenAI in a multi-year deal that would bring in tens of billions of dollars in annual revenue and give the startup the option to buy up to roughly 10% of the chipmaker. The deal covers the deployment of hundreds of thousands of AMD's graphics processing units (GPUs), roughly equivalent to the energy needs of 5 million U.S. households, or about thrice the amount of power produced by the Hoover Dam. The stock still seems a bit expensive for my liking but a good solid report.