From Nasdaq: 2024-07-30 20:15:17

Advanced Micro Devices (NASDAQ: AMD) reported strong Q2 2024 financial results, with revenue exceeding guidance and profitability increasing. Data center revenue hit a record $2.8 billion, driven by Instinct GPU sales and EPYC CPU growth. AMD is seeing strong adoption of its processors in cloud instances and enterprise deployments, with wins from major companies like Netflix and Uber.

AMD’s next-generation Turin family, featuring the new Zen 5 core, is set to offer up to 192 cores and 384 threads, supporting the latest memory and I/O technologies. The company is ramping up production ahead of launch to offer significant performance advantages in compute-intensive workloads. AMD also delivered record data center GPU revenue, with MI300 quarterly revenue surpassing $1 billion for the first time.

Microsoft expanded its use of AMD’s MI300X accelerators to power various services, while Azure VMs leverage MI300X to deliver leadership inferencing price performance. AMD’s AI customer pipeline is growing, with partnerships in place to ramp up availability of MI300 solutions to meet increasing demand. The company continues to enhance its AI software stack and collaborate with the open-source community to support the latest AI algorithms and models.



Read more at Nasdaq: Advanced Micro Devices (AMD) Q2 2024 Earnings Call Transcript