AMD is creating an AI chip firm, similar to Nvidia

AMD just announced profits in the second quarter of 2024 today, and the main points were: Almost half of the company's sales is a product of the data processing center, not a game console, but a tip for the game console, non -Non -industrial or transportation means instead of a personal computer chip.

The company's data processing companies doubled in a year, and this quarterly growth is the same chip, AMD Instinct MI300 ACCELERATOR, which is competing with the notorious PuCE AI NVIDIA. CEO Lisa Su said AMD's chips topped $1 billion in sales in a quarter, surpassing the previous $1 billion mark since its debut in December 2023. (AMD said its Epyc server processors also contributed. AMD seems to be following the same path as Nvidia itself, which saw phenomenal profits with the Nvidia H100. The company plans to release new AI chips every year from now on, accelerating all of its research and development to focus its activities on superior products and stay ahead. It's so popular that it's out of stock on the shelves. AMD also plans to release a new AI chip every year, with the MI325X coming in the fourth quarter of this year, the MI350 in 2025 and the MI400 in 2026, the company confirmed in its earnings call today. Su said the MI350 should be "highly competitive" with Nvidia's Blackwell, which was touted as "the world's most powerful AI chip" in March this year and recently made available to consumers. As for the current MI300, Su said AMD will continue to sell it as long as it can produce it. Despite supply chain improvements, "supply will remain limited through 2025."

Nvidia has a big lead over AMD, and even though it has doubled its sales this year, AMD's data center business is only a fraction of Nvidia's size: $2.8 billion in the first quarter compared to $1.1 billion for the full year. $22.6 billion in the quarter for Nvidia, which also just posted record data center results. What does all this mean for PC gamers and anyone looking for new chips? It may be that a rising tide lifts all boats: Each new GPU architecture funded by AI dollars can be shifted to other tasks, producing faster improvements than before. But in 2024, at least, the AI ​​craze seems to mean no new GPUs for gamers.

That said, AMD’s personal computing CPU and GPU businesses were up, not down, this past quarter. Ryzen CPUs were up 49 percent year over year and slightly up quarter over quarter, and while flagging PlayStation and Xbox sales made gaming revenue decline 59 percent, AMD said its Radeon 6000 GPUs actually increased sales year over year. If you're wondering where the AMD Zen 5 laptops are, AMD says it has over 100 different "platforms" in development featuring its Ryzen AI 300 "Strix Point" chips. So far, the only ones we've seen on store shelves are from Asus, along with an announcement from HP and a preview from MSI, but Su confirmed that Acer and Lenovo will be selling them as well.