Shares of Advanced Micro Devices (NASDAQ: AMD) jumped on Wednesday after the chipmaker's financial results helped assuage investors' fears of a worsening tech downturn. Strength in the semiconductor-leader's data center and embedded divisions more than offset weakness in its client and gaming segments. AMD's data center revenue soared 42% to $1.7 billion, driven by the continued growth of the cloud computing market and strong sales of its highly regarded EPYC server processors.