AMD’s data center business is booming while gaming takes a backseat
AI Summary
AMD's data center revenue surged 107% year-over-year to $6.7 billion, driven by increasing demand for AI infrastructure. In contrast, the company's gaming revenue declined by 31%, indicating a shift in focus towards data center operations.
From the source
Driven by demand for AI capacity, AMD's data center revenue more than doubled year-over-year in its latest earnings report, reaching $6.7 billion. That's up from $5.8 billion in Q1, and jumping 107 percent from the $3.2 billion it reported for the same period a year ago. During Tuesday's earnings call, AMD CEO Lisa Su said the company expects "data center segment revenue to more than double year-over-year in 2027," as well. At the same time, AMD's gaming revenue fell 31 percent compared to last
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View original at The Verge AI