AMD Projects Robust Yearly Growth in Data Center Revenue, Aims to Market New MI325 Chip in China

Written by Emily J. Thompson, Senior Investment Analyst

Source: aastocks

Updated: 5d ago

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Should l Buy ?

Source: aastocks

Earnings Report: AMD reported earnings that exceeded expectations, but its revenue forecast for the current quarter fell short of consensus at USD9.8 billion, leading to an 8% drop in stock price after hours.
AI and Data Center Growth: CEO Lisa Su projected that AI business revenue could reach tens of billions by 2027 and anticipated over 60% annual growth in the data center business due to strong demand for server CPUs.
Declining Chip Sales: AMD generated USD390 million in revenue from older MI308 chips last quarter, but sales are expected to decline to USD100 million this quarter as demand wanes.
New Chip Authorization: AMD is attempting to sell the new MI325 chip to China but is awaiting necessary authorization, while continuing discussions with US and potential Chinese customers.

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About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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