AMD’s datacenter business is booming while gaming takes a backseat
AMD’s data center business saw revenue growth of over $6.7 billion in the latest quarter, a 107% increase from the previous year, driven by rising demand for AI capacity. Gaming revenue declined by 31% to $779 million, impacted by price hikes and supply chain issues affecting consoles. The data center segment accounted for 58% of AMD’s total revenue, while PC and gaming revenue grew by 6%, fueled by Ryzen processor success. The company’s focus on AI and compute infrastructure is expected to drive future growth, with the data center business remaining a key growth area.
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