What drove the growth in AMD's data center segment?

The growth in AMD's data center segment was driven by demand for its central processors and AI GPUs.

Which major customers have AMD recently announced?

AMD has recently announced major customers including OpenAI and Oracle.

Home / Business and Economy / AMD Surges: AI GPUs Drive Record-Breaking Quarter

AMD Surges: AI GPUs Drive Record-Breaking Quarter

Q: What is AMD's revenue forecast for the first quarter?

AMD is forecasting first-quarter revenue of $9.8 billion.

4 Feb

•

Summary

AMD anticipates $9.8 billion in revenue for the first quarter.
Net income reached $1.51 billion, a significant increase from last year.
Data center segment sales rose 39% driven by CPUs and AI GPUs.

AMD Surges: AI GPUs Drive Record-Breaking Quarter

Advanced Micro Devices (AMD) is forecasting first-quarter revenue of $9.8 billion, surpassing market expectations and signaling strong momentum for the chipmaker. This projection follows a period of significant growth, with net income soaring to $1.51 billion, or 92 cents per share, a substantial rise from the previous year's $482 million. Overall revenue saw a 34% annual increase.

The company's data center segment was a major driver, with sales reaching $5.4 billion, up 39% year-over-year. This surge is attributed to robust demand for both central processors and artificial intelligence GPUs. AMD has secured significant clients, including OpenAI, the creator of ChatGPT, and Oracle, and is set to introduce its integrated server-scale AI system, Helios, later this year. This performance has contributed to a more than doubling of AMD's share price over the past twelve months.