AMD just announced its Q2 2024 earnings, and the results are game-changing! Nearly half of AMD’s sales now come from data center products, marking a significant shift from its traditional focus on personal computers and gaming consoles.

Highlights:

- Data Center Surge: AMD's data center business doubled in a year, thanks to the AMD Instinct MI300 accelerator. This AI chip hit over $1 billion in sales in a single quarter!

- Future Releases: AMD plans to release new AI chips annually, with the MI325X coming in Q4 2024, the MI350 in 2025, and the MI400 in 2026.

- Competitive Edge: The MI350 is set to compete with Nvidia’s Blackwell, touted as “the world’s most powerful chip” for AI.

Despite AMD’s rapid growth, Nvidia remains ahead with a massive $22.6 billion in data center sales last quarter compared to AMD’s $2.8 billion. However, AMD’s rise indicates a promising future in the AI chip market.

Impact on Gamers:

While 2024 may not bring new GPUs for gamers, the advancements in AI chip technology could trickle down, leading to faster improvements in gaming GPUs over time. On a positive note, AMD’s Ryzen CPUs saw a 49% year-over-year increase, and Radeon 6000 GPUs sales grew.

What’s Next?

Keep an eye out for more AMD Zen 5 laptops with Ryzen AI 300 “Strix Point” chips, with models from Asus, HP, MSI, Acer, and Lenovo expected soon.

Stay tuned as AMD continues to innovate and compete in the dynamic AI chip market