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The company’s gross margin increased to 54%, fueled by strong demand across its data center, client, and gaming segments. Amd exceeded quarterly expectations, driven by its growing ai data center business, with projected revenue surpassing analysts' estimates. The jump revenue didn't include any revenue from shipments of amd instinct mi308 gpu products to china following the u.s
Ban on chipmaking equipment to china. Major wins at microsoft and meta demonstrate growing traction in ai acceleration, though still far behind nvidia's dominance Amd reports q3 revenue up 36% yoy to $9.24b, vs
$8.7b est., data center revenue up 22% to $4.3b, and forecasts q4 revenue below the highest projections — advanced micro devices inc., the main contender to nvidia corp
In the artificial intelligence chip market, failed to impress investors … Analysts were anticipating $4.14b in data center revenue. Key takeaways data center momentum Amd's data center segment more than doubled yoy to $3.5b, with the company raising its 2024 data center gpu revenue target to $5b+ from $4.5b+
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