AMD’s Q1 Pre-Earnings Notes: The Soon-to-Materialize AI Market

AMD is releasing a chip that combines a CPU, GPU and memory into a single integrated design called the MI300. The company plans to launch the MI300 in the second half of this year although it’s not expected to contribute to revenue until 2024. The MI250 currently powers the world’s highest performing supercomputer. Analyst notes on the data center are mixed with some expecting a slowdown for AMD and Intel (see below). For our purposes, AMD’s release of the 5nm Genoa Zen 4 in Q4 along with the strong performance of Milan should help to hedge a broader data center slowdown. Bergamo is also expected this year, which offers cloud optimized capabilities.

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