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AMD is becoming an AI chip company, just like Nvidia

Jul 31, 2024 - news.bensbites.com
AMD has announced its Q2 2024 earnings, revealing that nearly half of its sales are now from data center products, primarily due to the AMD Instinct MI300 accelerator chip. The chip, which competes with Nvidia’s H100 AI chip, made over $1 billion in sales in a single quarter, doubling the company's data center business in a year. AMD plans to release new AI chips annually, with the MI325X due in Q4 2024, the MI350 in 2025, and the MI400 in 2026.

Despite this growth, AMD's data center business is still significantly smaller than Nvidia's. However, AMD's personal computing CPU and GPU businesses saw an increase in the past quarter, with Ryzen CPUs up 49% YoY and Radeon 6000 GPUs increasing sales YoY. AMD also revealed that over 100 different "platforms" are set to ship with its Ryzen AI 300 "Strix Point" chips.

Key takeaways:

  • Nearly half of AMD's sales are now data center products, with the company's data center business doubling in a single year.
  • The AMD Instinct MI300 accelerator chip did over $1 billion in sales in a single quarter, competing with Nvidia’s H100 AI chip.
  • AMD plans to release new AI chips every year, with the MI325X coming in the fourth quarter of 2024, the MI350 in 2025, and the MI400 in 2026.
  • Despite supply chain improvements, AMD's CEO Lisa Su predicts that supply will remain tight through 2025.
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