AMD NEWS DRIVER

AMD NEWS DRIVER

'Going forward, we see AI as a significant PC demand driver as Microsoft and other large software providers incorporate generative AI into their offerings,' Su said.ĪMD's client group, which includes sales from PC processors, dropped a massive 54% year over year to $998 million because of a 'weaker PC market,' it said. 'Our goal is to make this a significant growth driver for AMD,' Su said.ĪI could also help PC chip sales, AMD said. Su said on the call that the company is increasing its AI-related research and development spending, and has developed a strategy that includes AI-specific chips and software development. Last week, Intel posted a surprise profit and reported sales that were higher than expected. AMD's total revenue dropped from $6.55 billion a year ago, marking a second straight quarter of declines.īut AMD is one of the few companies making high-end graphics processing units (GPUs) needed for artificial intelligence, and analysts are watching to see if its server chips can take market share away from top rival Intel. AMD excludes certain losses on investments and acquisition-related costs from its earnings.ĪMD's processor business has slowed in recent quarters, reflecting a deep slump in the global PC market. The chipmaker reported net income of $27 million, or 2 cents per share, down from $447 million, or 27 cents per share, in the year-ago period. 'We are expecting a large ramp in the second half for our Data Center business, weighted towards the fourth quarter and we are still looking at a ZIP code - let's call it 50%, plus or minus, second half to first half,' AMD CEO Lisa Su said on a call with analysts. The chipmaker said it expects its data center and embedded divisions to grow on a fiscal year basis. Personal Loans for 670 Credit Score or Lowerįor the third quarter, AMD said it expects $5.7 billion in sales, while analysts were looking for revenue of $5.81 billion. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit

Amd news