AMD reported first-quarter earnings and sales on Tuesday that were slightly ahead of Wall Street expectations, and provided an in-line forecast for the current quarter.
AMD said its closely-watched Data Center segment grew 80% on a year-over-year basis to $2.3 billion thanks to sales of its MI300 AI chip, which competes with Nvidia's AI graphics processors.
AMD said it had sold over $1 billion of the AI chips since it launched in the fourth quarter of 2023.
AMD also makes central processors which are often paired with advanced AI chips in servers.
AMD reported $1.4 billion in first-quarter sales, a 85% annual increase, suggesting that last year's PC slump is over.
Persons:
Lisa Su, Su
Organizations:
AMD, Wall, Revenue, Intel
Locations:
Las Vegas , Nevada, U.S