AMD Expects Data Center AI Revenue to Top Server CPU Sales in Q4
Photo: TokenPost
AMD expects revenue from its data center AI business to exceed server CPU revenue for the first time in the fourth quarter, signaling a change in the chipmaker’s revenue mix. For Q4, the company projected total revenue of about $17 billion, a 66% year-over-year increase, and roughly 50% sequential growth in its data center segment. The outlook followed record third-quarter revenue of $13.377 billion, up 45% from a year earlier. Non-GAAP earnings per share rose 74% to $2.09. Data center revenue climbed 97% to $8.5 billion, representing 64% of sales, compared with 47% in the same quarter a year ago.
Also reported by Coinotag.
Source: TokenPost
