AMD data center sales double as shares fall despite an earnings beat
Under Lisa Su, AMD posted $11.54 billion in revenue and expects about $13 billion next quarter as Helios begins ramping.
By Ryan Merket · Published
Primary source: CNBC
Why it matters
AMD's AI challenge has moved beyond selling individual GPUs. Helios, EPYC and customer-linked warrants show the capital, systems engineering and commercial concessions required to loosen Nvidia's control of AI infrastructure.
AMD (@AMD) reported record second-quarter revenue on August 4th as data center sales more than doubled, yet its shares fell 7.63% in extended trading after a run that had nearly tripled the stock over the previous year, CNBC reported.…
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