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AMD reported impressive Q2 2024 earnings, surpassing expectations with significant growth in its data center and client segments. The data center revenue doubled, driven by high demand for EPYC CPUs and Instinct GPUs, while the client segment also showed robust growth due to new product launches and AI PCs. This performance indicates a strong market position for AMD as it capitalizes on the growing AI landscape.
The company anticipates continued growth in the second half of 2024, particularly in the data center segment, which now constitutes nearly half of its total revenue. AMD's advancements in AI technology, particularly with the MI300 GPUs, are expected to drive further demand and revenue growth. The outlook remains optimistic, with management raising guidance for data center GPU expectations due to strong customer interest.
• AMD's data center revenue doubled, driven by AI and non-AI demand.
• MI300 GPUs exceeded $1 billion in quarterly revenue for the first time.
The data center segment is now AMD's largest revenue source, reflecting strong demand for its AI and non-AI products.
EPYC CPUs are gaining market share due to their efficiency and performance advantages in data center applications.
The MI300 has seen record revenue, indicating strong demand in the AI market.
is a semiconductor company known for its CPUs and GPUs. AMD's recent earnings highlight its strong position in the AI and data center markets.
The company is a key customer of AMD's MI300 GPUs, utilizing them for AI applications.
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