AMD’s datacenter business is booming while gaming takes a backseat

The Verge
AMD's recent earnings show explosive growth in its data center revenue driven by AI, while gaming revenue declined significantly.

Summary

AMD's latest earnings report highlights a booming data center business, with revenue more than doubling year-over-year to reach $6.7 billion due to high demand for AI capacity. In contrast, the company's gaming revenue dropped 31 percent to $779 million, affected by slowed sales for major gaming consoles and hardware. Overall, record quarterly revenue of $11.5 billion was achieved, supported by strong performance in the Data Center segment and increased Ryzen processor sales.

(Source:The Verge)