Despite PC market slump, AMD exceeds estimates and plans AI-enhanced growth

  • AMD’s fiscal Q2 showed an 18% decline in revenue but surpassed estimates on sales and profits.
  • Leveraging its status as a high-end GPU manufacturer, AMD plans to expand in AI-related research, envisioning it as both a sector and PC market demand driver.
  • Amid segment declines, AMD’s embedded unit, selling less powerful chips and networking parts, grew by 16%, and the company has introduced an AI-focused MI300X chip.
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