AMD’s datacenter business is booming while gaming takes a backseat

Driven by request for AI capacity, AMD’s information halfway gross much than doubled year-over-year successful its latest net report, reaching $6.7 billion. That’s up from $5.8 cardinal successful Q1, and jumping 107 percent from the $3.2 cardinal it reported for the aforesaid play a twelvemonth ago.

At the aforesaid time, AMD’s gaming gross fell 31 percent compared to past year, to $779 million, arsenic value hikes and constituent shortages slowed income for the Xbox Series X / S, PS5, and Valve’s Steam Deck.

“Revenue accrued 50 percent year-over-year to a grounds $11.5 billion, driven by continued spot successful our Data Center business, which represented 58% of institution gross successful the quarter,” wrote AMD CFO Jean Hu. Its wide PC and gaming business gross grew six percent compared to past year, pinch Client gross up 23 percent acknowledgment to Ryzen processor sales.

“AI is driving a important description successful request for compute crossed each of our markets, and our activity portfolio and increasing customer visibility position america exceptionally good to seizure this expanding opportunity and present important gross and net maturation successful the years ahead,” said AMD CEO Lisa Su.