Semiconductors
AMD Q3 2024: GPU Revenue at 22%, and AI PCs have a Leader
AMD is a fundamentally strong company with data center revenue growth accelerating for many quarters now, client revenue rebounded sequentially, and margins are improving. As Jean Hsu stated toward the end of the Q&A: “But when you look at our Data Center segment performance, we more than doubled the revenue year-over-year, but we tripled the operating income year-over-year.” Regarding the Client segment, AMD and analysts acknowledged there may be consumer weakness in PCs from other companies, yet AMD stated they have the strongest PC line up in company history on the market today. This is evident considering Intel guided Q3 to be flat to down in their Client segment yet AMD’s growth was up 29% YoY and 26% QoQ to $1.88 billion.
Sign in to read the full article
Sign in with your I/O Fund account to check your plan access.
