AMD continues to see its revenue surge due to its data center unit, which posted sales growth of 122% from a year ago.
AMD launched its 5th Gen EPYC processor as well as its latest Instinct MI325X accelerators as it aims to gain AI workloads from inference to model training. The big takeaway is that AMD is well equipped to give Nvidia competition for AI workloads.
With ZT Systems AMD is looking to combine its Instinct AI accelerators, EPYC server chips and networking gear to design integrated systems.
AMD CEO Lisa Su said company saw record data center revenue in the second quarter. The company also raised its third quarter revenue outlook.
AMD said it will acquire Silo AI for $665 million in cash in a deal that advances the company's efforts to broaden its generative AI ecosystem.
AMD outlined its AI GPU roadmap and moved to an annual cadence as it aims to compete with Nvidia.
AMD CFO Jean Hu said cloud providers and enterprises are starting to look toward total cost of ownership when it comes to inference and training workloads for artificial intelligence workloads.
Expect Software Giant Hunters To Soon Be The Hunted In A Digital Giant's Quest For Growth
Six of the Magnificent Seven (Microsoft, Apple, Nvidia, Alphabet [Google], Amazon, Meta [Facebook]) stocks have entered the four comma club -over $1 trillion in market cap. With a combined market cap of over $13.2 trillion, these six players continue to defy physics with continuous quarters of double digit organic growth. Digital giants by definition have deployed five key strategies:
By unit, AMD posted record data center revenue in the first quarter of $2.3 billion, up 80% from a year ago. Growth was driven by AMD Instinct GPUs and 4th Gen AMD EPYC CPUs.
New Chips, New Business Models Ahead In Accelerated Computing
Nvidia stock is up 267% YoY. With over 10,000 people in physical attendance and up to 100,000 people virtually attending, this could be the largest AI conference. All eyes on the next wave for AI with CEO Jensen Huang ready to keynote at 1:00 pm PT at the SAP Center in San Jose. The key things to look for in the keynote:
The chipmaker projected first quarter revenue of about $5.4 billion, give or take $300 million. Wall Street was expecting $5.7 billion.
AMD's third quarter financial results were better than expected, but the outlook for the fourth quarter was lighter than expected.
