A combination with Xilinx would give AMD more of the pieces needed to break Intel’s stranglehold on the data center market.

Securing data while in use opens doors from the on-prem data center to the cloud for more applications.

CEO Lisa Su said the company has passed 10 percent share of the server chip market.

The timing for 7nm chips “is shifting approximately six months relative to prior expectations.”

First-quarter server chip shipments tripled from a year ago, but revenue for the division that makes them fell 21%, hurt by declining demand for custom Xbox and PlayStation chips.

The chipmaker says the processors are optimized for hyperconvergence, database, and commercial HPC workloads.

AMD has targeted double-digit market share in servers by the middle of this year, trying to reclaim a meaningful position in that lucrative market.

Spread of the virus "could start to impact normal travel and functioning of supply chains in PC, Server, handsets, and Memory.”

The return to record levels is just the latest move higher for AMD, which spiked almost 150% over the course of 2019, making it the biggest gainer in S&P 500.

Still, its total revenue is about one-third of its top rival Intel's profit.